re: Inflation rises 7% over the past year, highest since 1982

quote:

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We can't really do that this time

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There's only one way for this to be actually fixed. Everything else is a band-aid.


Too many Band-Aids and you get an uncontrolled collapse. We're getting close to that now.

Mixing metaphors: this is a bubble that's been reinflated too many times. Each time it takes twice as much fake money as the last to reinflate.

TARP: 787 billion plus another trillion in bailouts followed by 10 years of "QE"

The collapse that began right about when covid "hit" is a result of all that previous "fixing."

How much have we spent since Jan 2020?


More than 2008 in just 2y.

That bubble is a real bitch to reinflate.


Those interested in this stuff: check out Economics in One Lesson by Henry Hazlitt. It's a free book from Mises.org.