The Next Inflationary Surge is About to Begin – Must Read

From Goehring & Rozencwajg

Those inclined to view President Trump’s needling of Federal Reserve Chairman Jerome Powell as an unprecedented breach of decorum might wish to brush up on their monetary history. The truth is, tormenting the Fed chairman—whether through verbal assault, political manipulation, or, on at least one remarkable occasion, an actual shove—has long been part of the American political tradition. Over the past sixty years, this peculiar sport has produced no shortage of high drama and, more worryingly, some truly calamitous inflation.