Comment by @zkjew • Hey

This is really flawed logic the difference between inflation and true M1 or M2 circulation is around 50-60% so unless we have a 30-40% decline in populatio

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In this period of time people continue to compare us to the 1970s but the biggest difference is that population growth is slowing and less people are coming of age. These underlying conditions allow him to raise rates far less than in the past. Powell has a perfect storm to deal with inflation.