We are told by the Federal Reserve in the person of its Chairman Jerome Powell that we are experiencing inflation, but that it will be “transitory.”
“Do not fret, dear, this inflation is transitory and you will be fine,” sayeth Jerome P during recent Congressional testimony. He then adjusts his glasses and gives you a grandfatherly look of confidence. But, should you feel good or is it all a head fake?
[Much of Christianity is built upon the notion that death is also transitory and that we shall live again in splendor with God in Heaven, but still we are dead. This is the story of inflation also?]