Inflation Infection

From Powerline blog

“Inflation is too much money chasing too few goods.” —  classic definition

Yes, I can see where the COVID pandemic, the war in Ukraine and supply-chain problems might account for too few goods around the world.

But, Pilgrim, our surging inflation (if calculated the old way, is much higher than the reported 8.2%) driven by America’s Federal Reserve Bank runaway printing of money over the last two years (its balance sheet more than doubled) …  and, paradoxically, our soaring beneficial dollar exchange rate  … seems to mean that the U.S. is exporting our inflation … and almost certain recession … to the rest of the world. 

I wish I understood all the machinations of international finance to explain this further, but I have an eerie feeling about what is happening.

I don’t believe the color for China

(Thanks for the help, Rick.)

Afterward: The amount of money that the Fed has injected into our economy over the last two years is about 5 trillion dollars!

STAND UP TO INFLATION!