Everyone who said inflation would be transitory should be turbo fired. I told you right here on this blog that it would not be and I was correct because it was obvious.

How did I know? Well, I wrote long before inflation even kicked up that you can’t reboot the entire economy like a damn smartphone, as some people were positing. I knew capacity would disappear, dislocations would occur, expertise would be lost, and necessary areas of the economy would be suppressed.

High demand due to free money with lost capacity equals in-fucking-flation.

So, no, it wasn’t luck. I didn’t flip a coin. I knew it was not transitory, told you it would not be — and I was right. I should be getting the salaries and wealth of all those goofuses who claimed for so long that inflation wouldn’t last.