Federal Reserve Chair Jerome Powell admitted that he was wrong to expect inflation would be transitory when it started to rise three years ago.
I wonder what clue he and the other asswipes at the Fed missed: that government spending was increasing exponentially, that the Federal debt was spiraling upwards, or that the government was printing ever-more money to pay for government-created Covid-related expenses and social program giveaways instead of paying down the debt?
That’s some college degree you must have there, Chair Guy. You fucking moron.
You’re “wrong”, and we’re being bent over the desk and raped by your mistake every time we go to the grocery store or try to pay down our credit card debt.
He was not wrong, he was lying. They are not the same.
Can’t argue with that, because you speak only the truth.
+1
What is this “Paying down of debt” you speak of?
Chairman Jerome only said it would be transitory to delay the gathering of the pitchforks and lighting of torches. He’s hoping to be out of office and living safely behind the walls of an anonymous gated Community in an unspecified city by the time the people who bear the burden of his [crack-brained] ideas get angry enough to want to pursue the perpetrators of their (our) agony.
Just because it didn’t fucking work for Zimbabwe, doesn’t mean we won’t be able to do it better.
So why has he not resigned?
Socialists have no conscience, social or otherwise.
Besides, I have it on good authority from Senator Blutarsky that it was the GERMANS who bombed Pearl Harbor,