Federal Reserve’s Inflation-Fight At Point Of No Return

Inflation isn’t an illness that can be studied, contained, and cured by data analysis and reasonable actions. It is a perpetual flame (“2% is just fine because deflation is terrible”) that can erupt when conditions are right (i.e., wrong).

Worse, that flame-up awakens human nature-driven responses that add fuel to the fire. At that point, the only “cure” is to throw buckets of sand onto the inferno, stomp the embers, and drench the last sparks in the ashes.