We’re decidedly ignorant when it comes to people who have job titles like “Senator.” That may or not be a good thing. Maybe knowing something about those types would help us understand the world better. But the cost of paying attention and seeing through the spin seems enormous. So our ignorance is probably pretty rational.
So we can’t help the Big Picture. But maybe you can. Here’s today’s inquiry.
Its easy to point fingers, but let's get to the heart of the matter -- how much of the present inflation is due to ultra low rates? Huge deficits? Unfunded tax cuts?
Phrased differently, who is more responsible for the present inflationary run up -- Bernanke or Bunning's Congressional Colleagues?
Senator Bunning? [TheBigPicture]