About this episode
* Poland became the 21st country to lower interest rates this year * New record low to 1.5% * Polish economy is strongest in three years * Growing faster than the U.S. economy * Policy conundrum: what is inflation target? * Low inflation stimulating Polish economy * Yet Central Bankers look to illogical Keynesian textbooks * Where is the evidence that deflation is undermining the economy? * There is no magical point where a good thing becomes a bad thing * If they overcompensate and weaken the economy, they will be raising interest rates on an already weak economy * Poland could afford to raise rates, however, if this policy fails, because their debt is low * U.S. debt is so high, we can't afford to raise rates in order to support the dollar * When inflation picks up in the world and other central banks raise rates, the dollar will decline * The Fed will be unable to curb inflation because we can't afford to service our debt * Ultimately this will precipitate a currency crisis when it becomes apparent that the Fed has run out of options Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy