“When we are near, we must make the enemy believe we are far away…” – Sun Tzu, The Art of War
The same goes for inflation,for that matter. Biden/Pelosi/Schumer’s $1.9 TRILLION “Covid relief” (that Biden says is just a down payment on more and more Federal spending) has cleared Congress and hasn’t hit the economy yet. But when it does …
We are already at historic low M2 Money Velocity as The Fed prints like crazy.
IF inflation takes off, how can The Fed and Treasury raise rates to slow inflation when the Federal Debt is $28 trillion and climbing really fast.
With towering Federal budget deficits.
At least the US is not Venezuela … yet. The cost of a cup of coffee in Caracas. Maybe that is where they get the expression “A cup of Joe.”
Yes, The Fed and Biden/Pelosi/Schumer have backed the US into a corner with few viable options to get out.