"Some People Are Prone To Suffer More": Jerome Powell Implodes Explaining How Inflation Decimates Low Income Households
While trying to duck the obvious - that inflation brutalizes the lower class while enriching the elite - Fed chair Powell made possibly his most arrogant and tone-deaf statement of his tenure.
Earlier today, I published an article called “Inflation Is The Kryptonite That Will End Our Decades-Long Monetary Policy Ponzi Scheme”.
In the article, I argued that time has run out for the Fed, who is now stuck between a rock and hard place with inflation spiraling out of control and the stock market crashing. I made the point that the once willfully i…