tag:blogger.com,1999:blog-2195077991229481958.post382194988414605101..comments2024-03-27T09:54:14.832-06:00Comments on Practical Eschatology: The Docent's Memo (5/26/2021)Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2195077991229481958.post-64612696588387982522021-05-28T12:03:10.371-06:002021-05-28T12:03:10.371-06:00It required a deep recession in 1981 and 1982--wit...It required a deep recession in 1981 and 1982--with a concomitant high unemployment rate--for Paul Volcker to get the inflation of the 1970s under control. The Fed could stop Biden's attempt to flood the world with dollars, perhaps, by refusing to lend money to the government (i.e., refuse to create it out of thin air), but the Fed hasn't balked before. Docenthttps://www.blogger.com/profile/13573255956484552163noreply@blogger.comtag:blogger.com,1999:blog-2195077991229481958.post-27805130057569543262021-05-27T23:06:55.233-06:002021-05-27T23:06:55.233-06:00Inflation - starts as a snowball, ends as an avala...Inflation - starts as a snowball, ends as an avalanche. It's picking up.<br /><br />Not going to buy one of anything at the store in the near future.John Wilderhttp://wilderwealthywise.comnoreply@blogger.com