What happened to “inflation is transitory”? Why were we told that inflation wasn’t going to last? Because they were able to get away with it. Nobody knows how inflation works, so the Fed can say anything. Here’s how inflation works: When the supply of something goes up, its value of it goes down
"Inflation is Transitory???"
"Inflation is Transitory???"
"Inflation is Transitory???"
What happened to “inflation is transitory”? Why were we told that inflation wasn’t going to last? Because they were able to get away with it. Nobody knows how inflation works, so the Fed can say anything. Here’s how inflation works: When the supply of something goes up, its value of it goes down