IMO TPTB seem deathly afraid of any type of downturn,
At first sign I think they will throw the printing presses into high gear followed by shocking amounts of free helicopter money.
If you think TPTB are OK with inflation, why has the media been on non-stop inflation scare mode the past year?
I maintain my position that several years of 3-6% inflation would be great, but unfortunately we won’t get it.
Further, the GOP is going to get at least one, probably both houses in November. They will block any further transfers to non-elites, which are potentially inflationary.
Tax cuts for the rich and Fed bond market interventions simply are not inflationary.
