QVMS - The Truth About Inflation: Round Two Is Just Beginning

• Inflation has been a sorely misunderstood concept as experts and pundits incorrectly attribute reasons for inflation.
• The experts have been wrong and will continue to be wrong if they don't change their thinking, leading to poor policy.
• We have yet to experience inflationary effects from the $1.9t package from March of 2021.
• The Fed is responding well behind the curve while the next wave of inflation is set to hit, so it may take longer to get under control.

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