What’s the more likely event at this point: a deflationary crash or runaway inflation?
For a long time, Peak Prosperity co-founder Adam Taggart and I have hewed to the “Ka-POOM!” theory, which states that a major deflation will scare the central banks so badly that they overreact and pour too much liquidity into the system, thereby destroying it.
To visualize how this will play out, think of
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