Vlad Putin Channels Milton Friedman While The Fed’s Money-Pumpers Cut And Run

Things have come to a pretty pathetic pass when it takes Vlad Putin to explain why inflation is at 8.6% Y/Y and heading fast toward double digits.

But he did so recently at the St. Petersburg Economic Forum. That 25-year old institution used to attract a global audience of businessmen and officialdom, but has now been functionally “cancelled” by Washington for all practical purposes.

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