Inflation Is NOT A Headfake
It is too late already to unleash any definitive knock out punch against inflation. Damn it, it isn’t TRANSITORY. Stop that nonsense.
“Do not listen to this Big Red Car. Inflation will be 2%. Trust me. OK, maybe 4%. Sorry, PPI is 8.6%, so CPI will be double digit, but it’s TRANSITORY. It’ll come down in 2030 or 2035. I promise. My husband is one of the 17 Nobel economists who says Build Back Bolshevik will cure male pattern baldness. He can’t be wrong.”
It is here; it is deep; it is pervasive; and it isn’t going away any time soon. Continue reading