Economic Expert: ‘Transitory’ Inflation Enters 31st Month, and It’s Not Going Away

An economic expert says the inflation problem continues and the U.S. dollar is likely to lose half its value by the 2030s.

“Our income is falling even as the thieves who took away our prosperity continue to masquerade as people we can trust to solve the problems that they created,” Jeffrey Tucker observes soberly about America’s economic and monetary situation.

As we face the 31st month of “transitory” inflation, we’ve also have almost that long a period in the Federal Reserve’s “war on inflation by raising rates higher and faster than in the whole history of the institution,” Tucker continued. “That said, in real terms, federal funds rates are still barely above zero. That’s because inflation is still rocking and eating away the dollar’s purchasing power.”