by Karl Denninger
Market-Ticker.org
You have to wonder plenty of times whether all the strum and furor we see is actually about the alleged issues of the day or if its simply because the folks in the government know full well that inflation is much higher than stated, has been, they also know the mathematical law stating that deficit spending always reflects into inflation cannot be evaded and they want an excuse, any excuse, to not stop it.
We would not be the first nation to pull something like this. In fact virtually all Democratic Republics go down this road. I challenge you to find an exception through the annals of history and I wish you the best of luck in doing so.
Today we get the “new” inflation numbers and I’ll bet they’ll be, well, risible.
Meanwhile we have a nation addicted to cheap labor — whether here or in other countries. Being kind to the environment, to make it much worse, only counts here; there’s no accounting for the massive environmental destruction “over there” so you can have your solar cells and lithium-battery powered vehicles. Yes, that panel looks pretty clean when you take it out of the box and mount it on your house or RV. It isn’t; there were amazing amounts of noxious chemicals required to make it and the same is true for the “clean” battery pack in your EV — or something as mundane (today) as your cellphone, tablet or laptop computer.