Perhaps inflation is rearing its ugly head to Fed bankers with their heads in the sand, or more to the point, up their asses?
The Fed, and the Keynesians who run it, never see the correlation and causation between monetary inflation and price inflation. The two are mutually exclusive in their minds.
Inflation is here. It has been here for quite some time. The Fed refuses to see it, as does all the other central bankers around the world.
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