While Household Income Falls, Central Bankers Are Pushing for Higher Prices

The fact that prices are rising in a pandemic crisis is not a sign of success. It is evidence of central bankers’ miserable failure and hurts every consumer who has seen revenues collapse by 10 or 20 percent.

Central banks continue to be obsessed with inflation. Current monetary policy is like the behavior of a reckless driver running at two hundred miles per hour, looking at the rearview mirror and thinking, ‘We have not crashed yet, let’s accelerate.’”

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