The new normal will have the Federal Reserve printing money to pay for Washington’s runaway spending. And, sooner or later, that will give us sustained and significant inflation.

The new normal will have the Federal Reserve printing money to pay for Washington’s runaway spending. And, sooner or later, that will give us sustained and significant inflation. https://t.co/3u9Vue4rRj

— FEE (@feeonline) May 28, 2020