Our unelected Galtian overlords at the FOMC worry way too much about inflation and zombie unicorns, and most of our elite press do too. The Fed has long been too slow to loosen and too quick to tighten, with the possible exception of Greenspan during the pre-election period in 2004, and our elite press tends to reinforce the belief that inflation is the boogeyman which must be stopped at all costs to be borne by the poor and middle class.
