In January, I wrote that by putting extreme pressure on the Federal Reserve to slash interest rates to nearly zero and thereby blow out the money supply, was “setting the house on fire” with himself, and the rest of us, locked inside. Well, now the House has burned down completely. And the Senate, too. Plus a solid collection of governors’ seats and state legislatures.
Like the two that preceded it, this was first and foremost an . People hate inflation. It’s a deranging thing to watch prices rise relentlessly on nearly everything you buy, with no end in sight. Inflation has murdered two presidencies in modern history, by my count, and has just gutted a third.
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