Timothy Birdnow

Inflation is caused by loose monetary policy and nothing more. How did this guy get to be a CEO of a major financial institution like this without understanding that?

As CEO of a big international bank (JPMorgan Chase)Dimon is beholden to the ruling class and is opposed to MAGA. Also, a guy like this is old buddies with Jerome Powell and anyone else at the Fed as a business necessity and will work to cement that relationship; administrations come and go but the Fed and the bureaucracy are eternal. And no doubt Dimon would like a cushy seat on the board of the Federal Reserve himself some day.

Remember Morgan Chase was deep in the DEI stuff. They were at the vanguard of the debanking business a few years ago, for example. So anything this man says is suspect.

Inflation is almost always a monetary issue; the Federal Reserve prints too much money, floods the economy with dollars that have no backing and thus it takes more of them to buy stuff. Yes, prices can sometimes go up without inflation, such as when there is a a temporary shortage, as in when, say, an oil refinery blows up, but it is not something across the board by and large. Across the board inflation is a direct result of too much money chasing too few goods and services and that is caused by injecting too much cash into the economy. Dimon knows this, or should.

I so often wonder how such mediocre people wind up in such positions of high authority. But that's what happens when you have government with it's enormous thumb on the scales all the time. Government invariably breeds mediocrity.

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