Federal Reserve Chairman Kevin Warsh says higher prices driven by the build-out of AI infrastructure are not necessarily inflationary. He speaks at a Senate Banking Committee hearing.
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One time change in prices is not necessarily inflationary when you make hundred of thousands of dollars, but for poor families barely making ends meet, one time change can be a big deal. Its not just common sense, its basic math. Energy cost going from 150 to 300 is not a big deal if your income is 100k, but if your income is 30k, its a big deal.
Warsh does need to present evidence the US Treasury
can pay all bills both public and private.
He did take an oath to defend that concept.
I sure would like him to provide that proof.
Inflation doesn’t even exist if you exclude the things that are inflating. What’s the problem?
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can pay all bills both public and private.
He did take an oath to defend that concept.
I sure would like him to provide that proof.