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Fed ‘binge’ created inflation ‘whirlwind’: Steve Forbes

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FoxBusiness/Staff/7-12-2021

graphic illustration of a money printing machine

“Inflation’s here for a while. We’re getting the whirlwind of what was done last year and the year before. Even before COVID, the Fed was printing too much money. They went on a binge last year, perhaps for understandable reasons, but they overdid it.”

USAGOLD note: Steve Forbes stakes ground in the entrenched camp, warns that if Congress continues with the heavy spending we will “get the kind of inflation that affected us in the 1970s…”

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