Silicon Valley’s Wokester Leftism—It’s True Source In The Eccles Building

Our Chart-of-the-Day (second below) is a potent reminder that the Fed’s sins go far, far beyond getting hopelessly behind the curve on goods and services inflation.

It’s original sin, in fact, was the massive asset inflation which preceded the current consumer price run-up. Not only did the latter generate unspeakable wealth for the 1% and 10% and set up the financial system for a thundering crash, but it also fostered a $10 trillion pot of wealth in Silicon Valley that has enabled a generation of woke thirty-somethings to deeply, perhaps fatally, corrupt American politics with vast amounts of money and social media influence peddling in behalf of snot-nosed leftism.