The biggest lie the devil ever told is that zero rates help poor people.

Larry Summers Warned About Inflation, Fed Officials Push Back

Mr. Summers, the former Treasury secretary, and other economists say $1.9 trillion more in pandemic relief might overdo it. The Federal Reserve’s vice chair and a regional president disagreed.

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UMich Sentiment Surges To Highest Since March 2020, Inflation Outlook At 6-Year High

The reestablishment of an inflationary psychology will not occur immediately. Buy-in-advance psychology preceded actual inflation by about two years prior to 1980, with the lead time more variable and with no resurgence in the low inflation era.


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