The Era of Low Inflation Was Transitory – Ep 762

• • Chinese imports have kept a lid on goods prices, but not services.
  • Dollar will decline when foreign investors no longer want US stocks.
  • We now have more inflation and less ability to deal with it than in the 1970s.
  • US may soon trade used American cars for used Chinese bikes.
  • The US Dollar is still backed by more than Bitcoin is.

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