As in the stagflationary 1970s, the US Federal Reserve is once again denying that its own policies are the reason for a recent surge of inflation, even though there is good reason to think that they are. It is not too late to learn from past mistakes and reverse course – but the clock is quickly ticking down.
No one forgot, we are all aiming for the same result. It is central banking and no one is fooled into thinking it is stable.
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