John Roe on Why the Fed Has Failed With Their Inflation Mandate

The video discusses average inflation targeting and its limited initial market impact, highlighting skepticism about the Fed's policy changes. It explores modern monetary theory and its acceptance, questioning the effects of government spending without GDP growth. Structural forces like tech adoption are seen as deflationary, while inflation expectations remain low. The video examines asset prices, noting gold and Bitcoin's popularity amid inflation fears. It concludes with investment strategies influenced by Fed actions, emphasizing caution in credit markets.

Discuss the implications of modern monetary theory as presented in the text.

What is the perspective on the relationship between unemployment rates and inflation?

How do the speakers view the future of asset prices like gold and Bitcoin in relation to inflation?