Comments by "John Dingle" (@johndingle6293) on "El-Erian Says Fed's 2% Inflation Target Would Crush US Economy" video.

  1. This is gonna last for awhile. Powell has the future of the country on his shoulders. Maybe western Civilization as we know it. You're living through one of most pivotal moments in the modern history of economics.
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  2. Everything starts with $32 trillion in debt. Debate about inflation, interest rates, and monetary policies. Central banks deathly afraid of running inflation expectations.
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  3. Flirting with hyperinflation. $32 trillion debt screaming "inflate me". But interest payments would suck up most of tax revenue. No wonder Central banks started raising rates late and to maintain rates lower than where they otherwise would be.
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  4. Can't afford a recession to get to 2% inflation. Need 5% inflation. The amount of debt we incurred cannot be justified by returning to 2% inflation. Interest rates would fall but so would tax revenue.
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  5. Can't raise rates higher than 5%. But need 5%+ inflation to inflate debt away. This feels like a house of cards that is built to very peak. You don't have room to maneuver now.
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  6. 5% inflation. 3% rates. 6% growth is the target. Only in a perfect world.
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  7. Bitcoin gonna be like 100k in few years
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