Yes, valid points and reasoning - thanks for this!
When ‘stagflation’ hit in the 70s, it was partially ‘solved’ by ‘inflating the debt away’. (Some would say that, in the larger picture, problems were just kicked further down the road.) Do you think the same tactics - inflating the debt away - would still work to get us out of stagflation? Ever since we started ‘quantitative easing’ in 2009, it’s all become so convoluted that I don’t know what the prevailing cause-and-effects would be about any of it anymore...
Yes, valid points and reasoning - thanks for this!
When ‘stagflation’ hit in the 70s, it was partially ‘solved’ by ‘inflating the debt away’. (Some would say that, in the larger picture, problems were just kicked further down the road.) Do you think the same tactics - inflating the debt away - would still work to get us out of stagflation? Ever since we started ‘quantitative easing’ in 2009, it’s all become so convoluted that I don’t know what the prevailing cause-and-effects would be about any of it anymore...
Great article. Summary: nobody is in the mood to borrow.
How quickly a mood change comes about (and stabilizes) is the $64K question.