原推：Most disappointing about the Fed’s decision today was its unanimity. None of those voting on the Federal Reserve is focused on the significant price deflation in the pipeline. The Fed seems to be making decisions based on lagging indicators and analogies. See @elonmusk. https://t.co/cUjo0fy4l8
Larry Summers seems to be leading the Biden administration astray with his conviction that inflation is intractable, with the ‘70s as his guide. The ‘70s inflation started in 1964 with the Vietnam War and the Great Society and burgeoned for 15 years. twitter.com/cathiedwood/st…