What to do before the heads start rolling

A chart-based look at the ugly dilemma facing monetary policy makers, and why good money eventually has to replace bad money.

Friday, June 10, 2022

Laramie, Wyoming

By Dan Denning

Here’s a fun fact to start the weekend with: The last time inflation was 8.6% was in December of 1981. The effective Fed Funds Rate (the target set …