Minerd: The Fed Is 'Trying to Be Too Cute' With Policy

The video discusses the current market turmoil and the Federal Reserve's role in managing inflation. It highlights Milton Friedman's view that inflation is a monetary phenomenon and suggests controlling the money supply and balance sheet as effective strategies. The Fed's current approach of managing interest rates is critiqued as abandoning monetary orthodoxy. Historical examples from the 1940s are used to illustrate successful inflation control. The video concludes by warning of potential risks if the Fed continues its current strategies, drawing parallels to past incidents in 2018.

What does the speaker suggest would happen if the Fed stopped growing the money supply?

What potential outcome does the speaker warn about if the Fed continues to adjust short-term rates?