"If inflation comes back, inequality gap will shrink."
This is idiotic. Inflation is the most regressive tax. https://t.co/eYPhdkZnRq
— Rudy Havenstein, #FreeOlegBurov. (@RudyHavenstein) June 18, 2021
Reminded me of this pic.twitter.com/Ee79MLkd7x
— Rudy Havenstein, #FreeOlegBurov. (@RudyHavenstein) June 18, 2021
The #Fed effectively tightened monetary policy by going from "not even thinking about thinking about raising interest rates" to "talking about talking about raising interest rates." Next it can actually "talk about raising rates" and then it can "talk seriously" about doing it.
— Peter Schiff (@PeterSchiff) June 18, 2021
Wait until rent/mortgage moratoriums end, free money (Trump/Biden bucks) ends, extended unemployment ends, while rents/grocery bills/home prices/gas/etc. prices hyper-inflate (even) more. The less fortunate are about to get SMASHED. Yet economists say there’s no inflation; WTF. pic.twitter.com/XD0osfWele
— Gordon Johnson (@GordonJohnson19) June 19, 2021
“Ultra-low mortgage rates have helped feed a frenzy in housing.” https://t.co/rWAxCm7McS
— Danielle DiMartino Booth (@DiMartinoBooth) June 19, 2021
The over 60 age group expects almost 5% inflation which is above its normal 3% rate.
Both of those are way too high.
This group of Americans remembers the last bout of very high inflation a few decades ago.
(h/t) @pearkes
Article: https://t.co/9lRSc1WPB1 pic.twitter.com/8D44d0WpLN
— UPFINA (@UPFINAcom) June 17, 2021
Inflation Hits Highest Level Since 1979 in Philly Fed Survey