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Single best idea with a book on the back end, which is extraordinary. I'll spend some time on that. Robert Caplan is a book onto his own with all of his experience in business and the NBA tilt at the Harvard Business School at Golden Sachs for years now vice chairman of Golden Sachs. Robert Caplan of course is president former president of the Dallas FED. Given the FED decides tomorrow and given we will have a new chairman, Robert Kaplan on two percent.
The FED I don't think should or will or I don't think it should abandon the two percent target. Why to your point, if headline inflation is running two and three quarters to three, if I make fifty or fifty five grand a year or least, that's eighty five million workers. By the way, my headline inflation rate, sure of wallet, might be six or seven or eight. So that's why the low modern income workers are getting suffocated. And so their problem is that not that they don't have jobs.
They're employed, but they can't make ends meet. And so I think the FED needs to stay on the inflation fight.
Robert Kaplan, this was just a brilliant interview. I can't say enough about how we walked through the so called trimmed mean inflation study, of which the Dallas Fed not codified, but really advanced and brought forward. It was just a wonderful interview. My book of the summers berry Eiken Green's book on the History of Currency. It's two hundred sum pages and it's really really lovely on a history that is trenchant and deep and thoughtful about our worries about
the US dollar. Another book for the summer is Edward Fishman. It's choke points, very popular, much bigger splash than what Professor Eiken Greens getting. It's about economic sanctions and it's getting truly rave reviews. Here is Edward Fishman of Columbia and of the Console unfeign relations on the moment at hand.
Man, I sure hope so, because it's so important to the entire geopolitical stability of Europe and Asia. So I do think that NATO is not yet dead. I'm more bullish on NATO than I am on globalization. Okay, but look, it is under significant strain right now, and I worry that given what's happening in Iran. Given what's the increasing tensions in the Taiwan Strait, could putin See an opportunity to move on one of the Baltic states. What would that mean for NATO stability and solidarity?
Edward Fishman again, Choke Points is the book. I'll be making a splash on it here along with the keen Green effort here through the summer. But it's really made a significant impact here. I can't say enough about it. It's on economic sanctions, but much more, it's on the death of globalization. We're on podcasts at Apple, at Spotify, on YouTube podcasts. It's single best idea