> There are good reasons to hold politicians to task for recent abnormally high inflation. Well, maybe 25% for the budget deficits. The Fed is responsible for

> There are good reasons to hold politicians to task for recent abnormally high inflation. Well, maybe 25% for the budget deficits. The Fed is responsible for 75%. They keep over-goosing the economy. They keep saturating the money supply. That devaluing is what inflation reflects. That is your money is worth less (and appears like prices going up).