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uh we had crippling inflation in a way back in the aftermath or and even even leading up to the great financial crisis but policy makers statisticians they were measuring it improperly so asset price inflation is very much a real phenomena when you think of 10 million plus homes lost to foreclosures in the aftermath those are 10 million families who lost their homes you know they were taught to buy into this speculative bubble and they were reassured that that inflation wasnt a thing because it was being measured improperly insufficiently measured at the end of of Massive Internal staff papers and debates and gee we missed that bubble and how did that happen the FED decided to do nothing they didnt change the inflation metric that they followed and I got really mad and started planning on this book that I was going to write called fed up so you dont recognize a problem and then choose to do nothing about it because if that happens then youll stumble into the same situation again w
