The way to fix inflation is for M2 money stock to shrink. The Fed needs to focus less on short rates and more on shrinking its balance sheet via asset sales. This will drive up long rates but it's what must happen. Government spending must be reigned-in and the Fed needs to stop monetizing deficit spending. Finally, government needs to stop trying to shut down the oil & gas industry. It's simple but not easy.
I missed it. Does anyone know how to re-play that video event?
Stephanie, I look forward to any of your responses, hopefully in your next The Lens post.
Thanks!
Paul Dandurand
The way to fix inflation is for M2 money stock to shrink. The Fed needs to focus less on short rates and more on shrinking its balance sheet via asset sales. This will drive up long rates but it's what must happen. Government spending must be reigned-in and the Fed needs to stop monetizing deficit spending. Finally, government needs to stop trying to shut down the oil & gas industry. It's simple but not easy.