The flip-flopping on rate policy is wild.

Same people who cheered rate cuts last year (when inflation was already 4 years above target) are now screaming for hikes because... inflation is still above target.

Look, inflation absolutely needs a response. But we're obsessed with the Fed doing all the work while ignoring better tools — like actual fiscal discipline.

Monetary policy can't fix everything. It's a blunt instrument. You can't rate-hike your way out of structural spending problems or supply-side dysfunction.

The real issue: policymakers love leaning on central banks because it lets them avoid hard choices. Cutting spending, reforming entitlements, addressing deficits — that's politically painful. Much easier to let Powell take the heat.

Bottom line: if you supported cuts when inflation was already a problem, you don't get to act shocked now. And if you think the Fed alone can fix this, you're missing half the picture.

Inflation is a policy failure on multiple fronts. Monetary, fiscal, structural. Pretending otherwise is just noise.