The Pomp Letter
The Pomp Letter
Humans Shouldn't Run Monetary Policy
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Humans Shouldn't Run Monetary Policy

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To investors,

The most important story in finance continues to be the accurate measurement of inflation. This provides a basis for evaluating whether higher levels of inflation are likely to continue into the future. Unfortunately, no one actually knows what the true inflation level is right now.

The June 2021 numbers for CPI came in at 5.4% and the core …

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