Comments (3)

  1. Alex Evanochko says:

    Happy Birthday, Mr. Hay. Congratulations on attaining your 65th year. You’ve achieved something that ALOT of Boomers failed to do…As for being a “victim”, you’re only a victim if you allow yourself to be one. As for MMM & MMT, playing fast and loose with one’s money always leads to sorrow which then begs the question: Got Gold?

  2. Thomas wolf says:

    We need AIt…Age inflation Targeting…happy birthdaY daVid

  3. john anderson says:

    I have discussed this with friends but can get no real answer. i agree with the tenets of your letter but understand them only in the context of “we are the only ones” doing the the MMM thing. This is going on with virtually all central banks so to me it appears relative. The additional major question i have is that for inflation to occur do you not have to have demand ? where does it come from in slow growing or depressed economies. i tend to think we are more headed for a great reset at the time things truly are past the point of no return and no longer manageable

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