‘This country is getting angry when they go to the supermarket’

CNBC/Matthew J. Belvedere/1-14-2022

“Discontent over skyrocketing inflation is the most important issue for voters heading into this year’s midterm election, and Democrats are going to pay the price, according to Frank Luntz, a longtime GOP pollster and strategist.”

USAGOLD note: The tentacles of a failed monetary policy run deep and grocery prices are only one manifestation of the problem. How long until economists begin talking about an inflation trap, i.e., a Fed that wants to raise rates but can’t do so aggressively without trashing the stock, bond, and real estate markets?

Cartoon courtesy of MichaelPRamirez.com