“The next 3-5 years are going to be very, very challenging … for the first time in a long, long time I’m actually worried about inflation,” says Druckenmiller on the Fed.

 

Druckenmiller Is Worried About Inflation, Says It Could Hit as High as 10% in Coming Years

Inflation Is Stealth Austerity

Rather than decry austerity, which demands an open political discussion of trade-offs, we should decry inflation’s stealthy reduction of purchasing power.