Presentation Economic Thoughts by George Wickstrom and Chad Koepke - GDP
- USA is 4% of world population but made 85-90% of products for world in 1946
- Current debt is 125-170% of GDP
- Social Security
- Has not adjusted to life expectancy which has increased drastically
- Values
- Athletes and performers now make more than professionals
- COVID 19 response paid for by Quantitative Easing (Fed buys govt. debt)
- Actual Inflation is much larger than the stated inflation (believed to be almost twice as much)
- Paul Volcker rose interest rates 20%+to break demand in 1980’s
- It is widely anticipated the Federal Reserve will continue to raise interest rates in 2022 to battle inflation
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