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In politics and economics, a Potemkin village is any construction (literal or figurative) whose sole purpose is to provide an external façade to lead the population to believe the country is faring better than reality.
The Fed is now discussing reversing monetary policy (by hiking interest rates and reducing their balance sheet) to quell inflation.
Not surprisingly, given that the current spike in inflation, and economic growth, was a function of massive liquidity infusions, the reversal will be deflationary.