- Apr 18, 2015
He actually blames several policies and administrations, from Johnson to Carter to Nixon and Reagan to Clinton in his historical analysis. He also focused on comparing the policies of the Federal Reserve under Volcker and now under Powell. Printing money means less than we imagine in inflation depending on who they allow to capture it. Broadly distributed, new money can lead to demand side inflation, but as he says repeatedly, this particular cycle we're in is a supply driven inflation. So the dollars are being vacuumed up using the supply issue as a rationale not overcirculating due to high demand as in some past inflation cycles (eg the circumstances that lead to the Depression).I listened to every second, interesting but...
-Doesn't mention the effect of printing Trillions
-Places no blame on any policy or administration
Do you have any links where he addresses those topics?