Posted 10/14/2021 08:21 (#9268217 - in reply to #9268143) Subject: RE: The Feds are in a corner.
Sioux County, NWIA
Beef1007 - 10/14/2021 07:32
Inflation is a snowball rolling down a mountain, growing as it proceeds, dragging everything with it. Never in history has this much fiat be en printed in such a short period of time. The near term future is grim at best.
Honest Abe and his cohorts printed money to finance the Civil War at a percentage of increase that utterly dwarfs what has happened in the last couple years.
For the moment I am not overly concerned about monetary devaluation; I am convinced that most of the overall increase in prices is driven more by supply problems.