Martin Wolf has a fantastic new piece in the Financial Times discussing some of the flaws in the thinking that has driven irrational fears around QE and hyperinflation in the last 5 years. It reads like something I could have written so of course I like it. But in all seriousness, you should read his article and you should seriously understand the monetary system. It won’t just help you better understand policy. It will help you avoid many of the portfolio pitfalls that hurt investors during the last 5 years.
- Only the ignorant live in fear of hyperinflation, Martin Wolf, Financial Times.
- Understanding the Modern Monetary System, Cullen Roche, SSRN
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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