This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
Artist Nelson Saiers installs his latest "Cheap Money No. 2" sculpture at “The Wall Street Bull” in response to the U.S. Federal Reserve's actions & inflation on December 07, 2021 in New York City. Photo by Eugene Gologursky/Getty Images for Nelson Saiers
Inflation has skyrocketed, and aggressive monetary policy is the key factor in understanding it. I already explained it in my article “The Myth of Cost-Push Inflation.” The Federal Reserve has finally recognized this and has made a U-turn to its policy of keeping buybacks and rates low.
