bill bonner presents the origins of our current inflation, why and where its going; 

When you see someone setting fire to a federal building, shouldn’t you say something?

And what if the matches and gas can are in your own hands?

The Federal Reserve printed up nearly 5 trillion brand-spanking-new dollars between August 2019 and today.

Surely, there must have been at least one alert economist among the 1,000 Ph.D.s on the Fed’s payroll who noticed that they were about to cause the whole economy to go up in flames.

But what was he thinking? Was he thinking at all?

This was classic monetary inflation on an unprecedented scale. Never before had any government “printed” so much money in such a short period of time.

But nowhere in the history of the economics profession is there an instance where such prodigious effort on the part of the money-printers led to genuine prosperity.

Instead, many centuries of history show us that monetary inflation leads to price inflation… which then leads to bubbles and busts… confusion… and finger-pointing.

And if it’s not stopped, it can lead to hyperinflation, depression, hunger, poverty, riots, and revolution.

Obvious Question

The finger-pointing was on display on the front page of The Wall Street Journal yesterday:

President Calls for Inquiry Into Price of Gas.

Biden, in letter, alleges wrongdoing by energy firms.

There will be a lot more finger-pointing… as the real culprits try to divert attention from themselves.

But… our aforementioned Ph.D… Shouldn’t he have asked the obvious question back when it started?..........read more.......