This is what happens when you create an ever more unequal society by squeezing low income families with inflation while goosing the asset prices of the top 10% who own 89% of stocks.

https://twitter.com/NorthmanTrader/status/1450785972245962756 The idea that the multitude of complex problems that cause inflation could be controlled by moving interest rates up and down is insane. How did we allow it to become the conventional approach? https://t.co/y5M255x01Z — Max Jerneck (@MaxJerneck) October …

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