Inflation, the National Debt and the U.S. Dollar - What Could Go Wrong?
With a ballooning U.S. federal budget deficit, a growing national debt, and double digit increases in the money supply, is it time to bet against the dollar?
Topics covered include:
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Show Notes
Where Did Americans Move in 2020? by Janelle Cammenga—Tax Foundation
Velocity of M2 Money Stock (M2V) Chart—Federal Reserve Bank of St. Louis
Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) Chart—Federal Reserve Bank of St. Louis
How the CPI measures price change of Owners’ equivalent rent of primary residence (OER) and Rent of primary residence (Rent)—U.S. Bureau of Labor Statistics
Consumer Price Index – March 2021—U.S. Bureau of Labor Statistics
Table 1 (2017 – 2018 Weights). Relative importance of components in the Consumer Price Indexes: U.S. city average, December 2020—U.S. Bureau of Labor Statistics
Inflation and Debt by John H. Cochrane, Fall 2011—National Affairs
US Government Finance: Debt by Dr. Edward Yardeni and Mali Quintana—Yardeni Research, Inc.
Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political Science
BIS Working Papers No 902 An early stablecoin? The Bank of Amsterdam and the governance of money by Jon Frost, Hyun Song Shin, and Peter Wierts—Bank of International Settlements
EXCHANGE ARRANGEMENTS ENTERING THE 21ST CENTURY: WHICH ANCHOR WILL HOLD? by Ethan Ilzetzki, Carmen M. Reinhart, and Kenneth S. Rogoff
Related Episodes and Content
A Complete Guide to Understanding and Protecting Against Inflation
287: What Causes Hyperinflation and How To Prepare For It
295: Federal Reserve Insolvency and Monetizing the National Debt
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