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Podcast: Wealth Formula Podcast
Episode: 336: We've Had High Inflation for YEARS and Didn't Know it
Description: I guess by now you've heard—we've got some inflation problems in the United States and globally and Central Banks are going to continue to ratchet up interest rates in attempts to reverse the tide. But wait a second. Why inflation now? Didn't we print billions of dollars over the last 15 years or so? Why didn't we have inflation then? Well, we kind of did actually. We've had historically low interest rates and quantitative easing since 2008. This kind of "money printing", however, does not really benefit the common man. Low interest rates don't make bananas cost more. But they do ma...