We certainly have an abundance of bad bits and bobs out there right now, don’t we?  War, pestilence, chubby dictators with rockets, buff dictators without souls, miscellaneous threats to world peace.  It’s everywhere.  Nonetheless, my take remains (see my prior blog, Prognosticator’s Regret) that, at least for our economy, all that doesn’t matter so much (how stupid does that sound?).  It’s only through the transmission mechanism of monetary change that our economy is really impacted and regrettably, we’ve got that in full right now in the form of rapid, material inflation.
Continue Reading It’s the Inflation, Stupid