Re: Inducement Grants?
Well, I agree with Gary. I have long thought that the best inflation figures should be around 3%. That allows an investable fixed income market, and reasonable asset inflation (read hard assets, gold/silver, and equity appreciation, real estate...nothing helps the wealth effect more than your house being worth 2X what you paid for it). Back in the day, the FED may tinker with interest rates, but the REAL bond market called the shots. Enter Qualitative Easing. Then QE 2. These took all semblance of free market out of the equation, and we were living and investing in LaLa Land for what, almost 15 years. Put covid give aways into the equation, with each ruling party trying to outdo the other, and I am surprised we aren't in even a bigger mess.