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John Dingle
Bloomberg Television
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Comments by "John Dingle" (@johndingle6293) on "Is the Fed Winning Its Battle with Inflation?" video.
What's better? 3% gdp growth and 5% inflation? Or 1% gdp growth and 3% inflation.
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Short term yes. Long term no. Size of debt says government desperately needs inflation. But cost of living crisis will drive economy into recession. So we really can't afford both. I see Fed muddle it's way for decades. Recession will lower rates, and government will stimulate as rates fall. And inflation will rise, and Fed will eventually react. Slowly, because government needs inflation.
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1965 minimum wage $1.50 1965 ounce of gold $35.50 U.S debt $317 billion. Compare that to today. And see where we're headed in 50 more years.
3
Arthur Burns managed to get inflation down to 2.9% 2.5% level. Then eased as 5% ffr caused a mild recession. How will democrats and woke ideology deal with social policies and taxes? $5 million per every black person for reparations? Even if government does nothing, $2 trillion deficit spending is gonna catch up to reality.
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