There are times when they tell you FLAT OUT what they are going to do, or rather, what they are doing.
The Federal Reserve in its September policy meeting says clearly and flat out that they consider inflation to be a tool for fighting unemployment.
I am sick, and therefore not motivated at present to detail why this is a bad bad bad policy, and why it won't work.
However, simply noted, it means the era of cheap imported goods and a strong purchasing ability of the dollar is over. In simple terms, think of the imported goods at WalMart costing twice or three times what we have now, and you get the idea.
We are in for one heck of a ride.
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