313: Is There Such Thing As Economic Truth Anymore?

As I write this email, I'm on my way to Phoenix for our biannual meetup. So…I'll keep it short. Coming up Covid and in the midst of a war in Europe we are experiencing unusual inflation forcing the Fed's hand at raising interest rates. Over the last several weeks, we have had several economists and authors on the show trying to predict the future. Unfortunately, that's not an easy task. We can look at the past and take some lessons from history. But nothing is exactly as it is today. Sure we had double-digit inflation in the late 70s and 80s but for very different reasons than rising inflation in 2022. So, the question is whether or not there is a playbook to deal with economic uncertainty and change. Of course, the answer is yes. We have our typical monetary and fiscal options. However, for a unique situation like we are in now, is there such thing as "economic truth"? My guest on this week's episode of Wealth Formula podcast thinks there is and he explains what he thinks we need to do in these interesting times. Listen Now!