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Where have we seen this before?

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The Prez

Recent inflation is not 8.2% or even that high, aside from huge short-term shocks to global energy and food supplies (from Russia's war to bird flu).

For the Fed to battle global commodity prices by raising domestic mortgage rates and crashing U.S. retirement accounts is a futile quest that should embarrass Herbert Hoover himself.


Where have we seen this before? | Ecency