The Fed is still fighting yesterday’s war, using lagging CPI data while the real inflation driver-explosive growth in the money supply-runs ahead of their rearview mirror policy.
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The Fed is still fighting yesterday’s war, using lagging CPI data while the real inflation driver-explosive growth in the money supply-runs ahead of their rearview mirror policy. Raising rates now just punishes the economy for a monetary hangover they caused years ago. #federalreserve #monetarypolicy #inflation
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