The beginning of the end of denying inflation. @ VerodeRugy @Mercatus auu - a podcast by John Batchelor

Photo:  Excessive speculation/expenditure:  Illustration shows William II, German Emperor, suffering from over-indulgence, sitting in a chair with a block of ice on his head with his crown on top and his feet in a tub of hot water; in a bucket in the foreground are two empty bottles labeled "Over-Speculation" and "Over-Confidence," on the floor is another empty bottle labeled "Over-Capitalization." Uncle Sam is standing outside a window with a dismayed look on his face and about to fill a cup from a huge bottle labeled "Over-Speculation."



[Caption: Uncle Sam  Great stars and stripes! - What a "head" that fellow's got! I'd better pull up before I get one myself. Illus. in: Puck, v. 50, no. 1295 (1901 December 25), cover.]

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https://www.wsj.com/articles/rising-inflation-challenges-biden-agenda-11636651866

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