Inflation, what do we do?
by Dave Conley on July 29, 2022.
The current episode of Fed tightening that we are living through is fundamentally different from all the others. Why? The excess money creation that fueled the surge in inflation over the past year was a one-off event that was tied directly to the trillions of dollars of fiscal "stimulus" that our politicians pumped into the economy in the wake of the COVID lockdowns. Two years ago, the renowned economist Scott Grannis said "The shutdown of the US economy will prove to be the most expensive self-inflicted injury in the history of mankind."
