11 October 2022
Inflation is a multi-headed hydra (from Greek Mythology). It is composed of 1) monetary stimulus (that The Fed is slowly withdrawing), 2) massive, reckless Federal spending and 3) Biden’s anti-fossil fuel mandates. So, when the inflation numbers are out later this week, it will be fun to dissect the damage being done to the US economy and middle-class/low-wage workers.