“If it’s serious about a 2% inflation target, the Fed will have to do better than a pep rally. We were promised meaningful change; what we got was the same old song and dance.” ~ Phillip W. Magness & Alexander W. Salter
“The U.S. imposed lockdowns at the same time as Europe, did so with comparable levels of stringency, and actually reopened at a later date and slower pace than most European nations.” ~ Phil Magness