Let me ask you a question, do you believe this inflation is temporary?
Data shows that The U.S. Dollar has lost somewhere around 96% of its value since the early 20th century, so these declines in value are clearly permanent.
It’s not like we had inflation in the past, and then overcame that inflation and caused prices to be deflationary.
The Dollar never made a comeback any of the times it has previously lost value—in fact the dollar continues to lose even more value day by day.
According to sources, this ‘transitory’ period of inflation could last as long as several years, and my bet is that this is permanent.
If we look at the long term trend of The Dollar it has been in a downtrend for a very long time in terms of purchasing power, so how could this be ‘transitory’?
There is no such thing as ‘transitory’ inflation. Once inflation occurs it is pretty much here to stay,