What is Inflation

I love this article on the fine line that the Fed runs when it comes to figuring out how much money to print. I like to think and, frequently, write in analogies because I think that it helps flesh out difficult concepts. And that's what this article did for me.

I would say that the gist is that it may be possible for the Fed to avoid big time inflation in the coming years (though not probably this year) in spite of the massive money printing and debt-taking we are doing right now. But, it isn't going to be easy. Oh no. It won't be easy.