Inflation is the worst in 40 years. The price of cars is up 37%. Gas is up 49%. During the last few years, as politicians spent ever more money, experts told us not to worry.
Jerome Powell, chair of the Federal Reserve, said inflation would be "transitory." Treasury Secretary Janet Yellen said, "I don't anticipate inflation is going to be a problem." Now she says, "I'm ready to retire the word…