Inflation Is America’s Payment for the Fed’s Printing Addiction

The Federal Reserve touting tighter money as a curb on inflation strangely coincides with the central bank’s reticence in acknowledging loose money as a catalyst for it. If tighter money acts as a cure to the disease, then why not just come clean about loose money as a cause of it?

The Federal Open Market Committee (FOMC) raised the federal funds rate for the first time since 2018 in March. The FOMC said that in pursuit of the Federal Reserve’s goal of 2 percent inflation “the Committee decided to raise...