The Reagan years when President Reagan and Fed Chairman Paul Volcker began their successful attack on inflation and stagflation. I very much fear that 60’s & 70’s style inflation and economic malaise are beginning to develop again. My personal opinion is that J Powell is vastly underestimating the runaway-train that inflation can become, and that J Yellin is complicit in the new ‘big Government ‘ spending mantra.
I fear that history will repeat and the younger generations will have their own stagflation epidemic to battle.
Comments
The Reagan years when President Reagan and Fed Chairman Paul Volcker began their successful attack on inflation and stagflation. I very much fear that 60’s & 70’s style inflation and economic malaise are beginning to develop again. My personal opinion is that J Powell is vastly underestimating the runaway-train that inflation can become, and that J Yellin is complicit in the new ‘big Government ‘ spending mantra. I fear that history will repeat and the younger generations will have their own stagflation epidemic to battle.
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Link to comment from April 10, 2021