Extract:

Given that the money supply has flattened out at a post-covid plateau, combined with continued growth in CPI inflation, it is clear, the so-called "quantitative tightening" that the central bank has allegedly embraced over the past year has been insufficient to truly rein in the money supply or CPI inflation.

In spite of this, we continue to hear calls from Wall Street and Washington demanding more easy money policies from the Fed. The regime is so addicted to easy access to newly-created dollars that a 20-percent CPI surge and an extra three to six trillion dollars sloshing around the economy (over just the past four years) still isn't enough. That is, it's not enough to meet the needs of Washington spenders or to keep interest rates low enough for the zombie companies now dominating the economic landscape.

It didn't have to be this way, but ordinary people are now paying the price for a decade of easy money cheered by Wall Street and the profligates in Washington. The only way to put the economy on a more stable long-term path is for the Fed to stop intervening to keep pumping liquidity to the regime and its allies. That would mean a return to a falling money supply and popping of economic bubbles. But it also lays the groundwork for a real economy—i.e., an economy not built on endless bubbles—built by saving and investment rather than spending made possible by artificially low interest rates and easy money.