First, they told you deflation was the real problem.
Then, they told you that there was no inflation and talk of it was only a conspiracy theory.
Then, they told you that inflation was indeed there but merely “transitory.”
Then, they told you Putin and greedy companies caused the inflation.
And now they’re telling you the inflation has been defeated.
In short, the Fed is spitting on your boots and telling you its raining. They’re gaslighting you.
