Transitory Inflation? Get Real

This week, Treasury Secretary Janet Yellen admitted she was wrong last year when she said inflation wasn’t a concern. While a surprising admission from an Administration official, this was a statement of the obvious. However, shouldn’t we have all seen inflation coming down the pike? After all, creating money out of thin air and throwing it at the economy is usually a good way to goose prices. So, what’s next? This week, Sam, Courtney, and John discuss the now non-transitory inflation. Just what were the causes, and how long will it last?