The entire post-2008 financial system was predicated on a bet that inflation would never return; once inflation appeared, policymakers faced a trilemma: get inflation down (breaking markets and economies), reserve the debt (devaluing the currency), or accept the structural unsustainability (and face emerging-market-style dynamics).
causalpending
Speaker
Luke GromenEvidence Quote
“This whole system was a giant bet that inflation would never come. And it's a critical point... once inflation came, they have to get it down or else they're going to have to reserve the whole system”
Created: 8/11/2026, 1:30:01 AM
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