Month: March 2022

For most of 2021 Federal Reserve economists and their PhD-wielding allies in academia and the media insisted inflations was “transitory” and would soon dissipate. By late 2021 economists began to admit they were “surprised” and had no explanation for the inflation. Now high-level economists have changed their tune again, with Janet Yellen admitting this week that “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.” And she was also careful to attempt the political damage control by insinuating that price inflation is a result of uncertainty over the Russia-Ukraine war. Sure. Sure it is.