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Inflation threatens because the Federal Reserve is inept and corrupt


Inflation threatens because the Federal Reserve is inept and corrupt
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Question of the Day
 
 
ANALYSIS/OPINION:
President Biden’s budget deficits threaten to ignite the kind of inflation that followed the Vietnam War, and Fed Chairman Jerome Powell is happy to enable it.
The president inherited most pieces for a robust economic recovery.
Thanks to $4 trillion in COVID-19 relief measures enacted through December, the gap between aggregate demand and potential GDP in February was $380 billion. Only missing were additional assistance for the unemployed that would also modestly boost demand and a green light to take off masks for Americans to rev up their mighty economic engine. ....

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