Inflation

Bearing in mind that the current Fed head honcho, Jerome Powell, has no formal economics education and was a lawyer by trade. My opinion - he does what he is told to do and say, including the mantra that any inflation was going to be "transitory". Uh huh.

You mean, this guy? Yea, right. When presented with the thought of MMT, he said:

“The idea that deficits don’t matter for countries that can borrow in their own currency I think is just wrong,” the Federal Reserve chairman, Jerome H. Powell, testified before the Senate Banking Committee in February.

Having said that, I wish Janet Yellen was still in charge of the Fed. She was let go by TFG because he thought she was too short and not from central casting.

All the best,
Nonoise

The printing of money doesn't contribute to inflation. It doesn't work that way. When the government increases currency, it simply buys things like savings (which there are tons of) and puts it into circulation. It's been done that way since, forever. 

Did any of you know that 54% of adults between 16 - 74 years old can't read at a 6th grade level? Save those stories of printing money being the cause of inflation for them.

All the best,
Nonoise

Look at all the backseat economists out there (the lurking ones who won't post) pretending to not be political by clumsily being circumspect, getting a post removed that did not violate any conditions and which was a direct response to an idiotic (and political) statement to begin with. That post is still up. Go figure.

You just have to love all the bitching and whining about free speech and the very ones who do so are the first to censor others. But it's all a sort of validation, isn't it?

All the best,
Nonoise

It's just good ol' fashioned price gouging. 
Everybody's doin' it.