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Thomas Hoenig on Inflation and the Federal Reserve
The Great Antidote
Is There a Real Inflation?
Inflation is at a forty year high. The current federal reserve chairman, jerome powell, and many people on the left, on the right, all over the place, say that the rise in prices that we're experiencing is not real inflation. But if you continue to print money in the hopes that that's going to stimulate the supply, increasing supply, then you are going tos continued inflation for well beyond the supply disruptions. From the change on relative prices. I now becomes a general price increase because you're pranting too much money.
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