For two generations, inflation has been relatively low and controlled. Not zero, but okay. Wait til the politicians forget the past, as they have, and we see inflation at 7%-10%, interest rates above 12%, mortgage rates at 12%, housing prices stuck because few can qualify for mortgages, government interest costs north of $1.5 trillion (today it’s at $500 billion), every bond auction a nail-biting exercise for Treasury. Then, we’ll see the effects of these insane policies.