SchiffGold managing editor and host of the Friday Gold Wrap podcast Mike Maharrey joined Mises Institute President Jeff Deist on WHBO radio to talk about inflation and the Federal Reserve, Mike explains how the Fed has gotten itself stuck in a tight spot. To be sure, it has an inflation problem. But a legitimate fix would create its own set of problems.
In a nutshell, the central bank is damned if it does and damned if it doesn’t.
The interview starts at 10:30.
During the interview, Mike and Jeff talk about the rigged CPI and how it understates the inflation problem, the impact of inflation on average people, the massive size of the Fed’s balance sheet, the Fed’s failure to shrink the balance sheet after the 2008 financial crisis, how the Fed and the US government have created a bubble economy based on debt and stimulus, and how any legitimate fight against inflation would pop the bubble and wreck the economy.
But what if the Fed doesn’t take the inflation fight seriously? Maharrey said that could ultimately crash the US dollar.
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