Financial contrarians have warned for years about the Federal Reserve’s monetary mayhem. Now inflation is upon us.
Thanks to loose monetary policies and supply chain disruptions worldwide, many Westerners are beginning to experience high levels of inflation for the first time in decades. However, people across the globe are rising up against the COVID-1984.
The trucker convoys in Canada are showing the world that there’s growing resistance to COVID-1984 tyranny. As a result, many governments are beginning to loosen their COVID restrictions. This will bring some sense of normality when it comes to supply chain operations. In turn, the world could see some disinflationary pressures go into effect.
However, we should never grow complacent with the economic situation. The next wave of big spending and loose monetary policy could wake up the inflation beast.
As always, people must remain vigilant about economic and political affairs.