The inflation isn’t new either. We have had loony inflation in real estate (by far the worst), stocks, speculative assets, tuition, etc. for well over a decade.

The inflation isn’t new either. We have had loony inflation in real estate (by far the worst), stocks, speculative assets, tuition, etc. for well over a decade. Nobody cared until we started to get inflation in the one area we actually need it: wages. Now we have an “inflation crisis.”