The problem with inflation is that it won’t stay on the leash. It runs off…tears open the trash bags…and bites the neighbour.
Why the Fed Can’t Raise Interest Rates
The Fed suppresses interest rates by buying bonds. As long as the asset-buying goes on, presumably, stocks and bonds get a bid, even as inflation rates go up.
Inflation Is Always Bad News for a Democratic Government
Inflation is always bad news for a democratic government. They don’t necessarily understand the process, but voters feel ripped off…and they don’t like it. Typically, they show their displeasure at the ballot box.
