The War Against Inflation Would Nearly Be Over If Not for Trump

The War Against Inflation Would Nearly Be Over If Not for Trump

In November 2021, right as Dogecoin reached a $36 billion market cap—one larger than Halliburton’s, Estee Lauder’s and The Hartford’s right now—the Bureau of Labor Statistics returned an October inflation report confirming a trend that would shake the financial world to its core and mark the top of a wildly speculative bubble. In the midst of an easy-money bonanza, the bill for nearly two decades of greed had come due. Inflation driven by a hist…