Posted by Brandon Gliem


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