posted by mark
on Mon, 06/14/2021 - 16:59
This is a followup to my recent post on inflation -https://marktmclaren.com/blogs/mark/inflation-moving-george-jefferson
I saw a quote from Larry Summers who said " The Fed has had almost no success gently bringing down inflation once an economy has started to overheat."
The Fed chair during the 1970's, Paul Volcker, suffered a great deal trying to bring inflation back into check. As they say "Once the cat is out of the bag...."
Be smart, be well-read, be aware and be successful.
