Jul 22, 2017 · 1 min read
The inflation fairy is what they fear even when most major inflation issues have been because of oil.
Very true, and the shortsighted political mind will always follow, not lead, in such situations by attempting to use monetary and fiscal policy to treat a problem that doesn’t respond to either. America’s response to this has been uniquely ignorant as it has applied the treatment with the military that has now become the oil producers’ largest customer. This is akin to slitting one’s wrists when dealing with anemia.
