Paul Volcker was, in my view, the most efficient Fed chair, especially considering the economic environment of the time. He wrote a highly engaging autobiography called “Keeping at It” which I recommend.
Ever hear the quote, “A thousand monks, a thousand religions”? It basically means that everyone has their own opinions and interpretations of how things should be. But when it comes to the Fed, some things really should already be clear because they’ve been tested. Still, since some data is missing, it’s best not to rock the boat—just keep it steady.
For those interested, in my latest post titled “The Fed’s AI Gambit”, I explore:
The trap the Fed finds itself in: boxed between fiscal dominance it can't tighten away and inflation it can't ease into
Why the economy looks strong on the surface while entire sectors feel like recession
Why everyone asking "is AI a bubble?" is asking the wrong question
What it means if productivity is the only door left
https://alphawavess.substack.com/p/the-feds-ai-gambit?r=2gkbpg
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
Paul Volcker was, in my view, the most efficient Fed chair, especially considering the economic environment of the time. He wrote a highly engaging autobiography called “Keeping at It” which I recommend.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
Ever hear the quote, “A thousand monks, a thousand religions”? It basically means that everyone has their own opinions and interpretations of how things should be. But when it comes to the Fed, some things really should already be clear because they’ve been tested. Still, since some data is missing, it’s best not to rock the boat—just keep it steady.
thank you 😊
i think it's great that the consensus era is over
I completely agree especially now.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴