by Gary Christenson
GoldSeek
A little discussion about this thing we call “inflation” after the January CPI report.
A vast majority of people see inflation as rising prices, wages and ‘pushed’ costs within the economy. In other words…
We are all, to varying degrees, taking bites out of the Fed’s excrement.
The headlines blare on about CPI, but the inflation problem was created by rapid increases in the money supply. That was the mechanics of inflation’s creation, with too many newly printed currency units seeking out a finite number of assets. That is inflation. Not today’s ‘cost effects’ headlines. This of course is the legacy of our dear monetary leaders, over-schooled in Keynesian theories and eggheads all.