For 50 years Ponzi financial markets assumed the Fed can fix runaway inflation.
— Peter St Onge, Ph.D. (@profstonge) September 26, 2025
But exploding government debt means this is no longer true: Another Volcker would blow out the deficit to 20% of GDP.
We are flying without a parachute. pic.twitter.com/LPvOayMKEW
For 50 years Ponzi financial markets assumed the Fed can fix runaway inflation. But exploding government debt means this is no longer true: Another Volcker would blow out the deficit to 20% of GDP. We are flying without a parachute.
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