Sovereign Man/Simon Black/3-14-2022
“So, when the three key institutions charged with keeping inflation in check refuse to understand why there’s a problem, it’s hard to imagine they’re going to fix it. There are plenty of other lingering inflation factors as well; geopolitical conflict is obviously inflationary. COVID-19 continues to be very inflationary. Environmental fanaticism is inflationary. And just like the challenge of increased manufacturing costs, and labor market demographic trends, these issues cannot be magically fixed by politicians or central bankers. In essence, policymakers are completely powerless to do anything about inflation.”
USAGOLD note: A less than hopeful scenario on inflation …
