There is an ongoing debate about whether high inflation is “transitory” or rising prices are going to be more long-term and persistent. One thing for sure, the US government spending problem isn’t transitory.

And that has pretty significant ramifications if inflation is running out of control.

For Further Reading

The Federal Reserve: The Engine that Powers the Most Powerful Government in History

Partisan Hackery Blinds People to the Real Problem

Biden Borrow and Spend Plan Builds on Trump Legacy and Makes Things Even Worse

Mike Maharrey