Post by
Oregonduck on Sep 23, 2022 1:32pm
Econometric 101
We're heading to hyper inflation times in the 70's and early 80's.
Milton Friedman was right. If we pumped up the Money Supply, we will get hyper inflation. The US spent over 4 trillion injecting money into the system for Covid bringing the US debt to 30 trillion. In the meantime, senile Joe Biden is spending billions more on this stupid war in Ukraine. Likewise, he says he will fight the Chinese should they invade Taiwan. Let those guys kill themselves. Never hire an old man to do a young man's job.
They need to push borrowing rates to 10 percent or more. In the 70's, risk-free CSB's would pay over 20 percent. You would double your money every few years. The stock market had crashed 50 percent during those years.
Not just Biden, Trudeau is also fuc*Jed up.
Comment by
pacer001 on Sep 23, 2022 3:23pm
Mr. Duck, Have to agree with you now in this all. Don't forget Putin and Russia and the mess that we made of that.