Tuesday, October 26, 2021

The Wrong Focus

I believe you’d agree Bill Clinton’s Treasury Secretary - economist Larry Summers - is no conservative. He is quoted as saying the following by the Washington Times.

We have a generation of central bankers who are defining themselves by their wokeness. They’re defining themselves by how socially concerned they are. We’re in more danger than we’ve been during my career of losing control of inflation in the U.S.

The Fed essentially has one responsibility - controlling inflation - and they’ve lost sight of it. Be worried, be very worried.