Why Did We Have Inflation to Day?

Inflation is an expectation phenomenon more than anything else. Central bankers fear a spiral where inflation feeds on itself. What the fed can do is slow down activity, not so much increased supply. The problem comes when it's really a question of strong demand. Why does slowing the economy make any sense under any of things? Well, because it keeps inflation down. And then you can enjoy many more years of a strong, low inflation growth. But tell that to the guy who's just lost his job. So, i mean, this goes back to a broader issue, which is, what is the trust between the political class, between the public and the professional class? Economys run well when