So what happens when they do stop pumping money?
Former President Barack Obama's chief of global development on Tuesday predicted inflation was here to stay, contrary to the Biden administration's protestations to the contrary.
www.mediaite.com
Inflation worries?
Married in 1978.
Flash back to 1979.
The inflation rate was 11.5%.
Interest rates to buy a home with moderate credit was 14%, with a lower credit score could be up to 20%.
In 1977/78 we could only buy gasoline every other day for our car based on the odd even number of our license plate and limited to a 10 gallon purchase.
Good old Jimmy Carter days.
Somehow we survived it and then Ronald Reagan got elected.
It was a slow change in a positive direction.
This rear view mirror retrospective on inflation may be the windshield we will be looking through in the near future.
If one thinks history does not repeat itself, then they have never studied history.
www.cnbc.com
