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Evil turned out not to be a grand thing. Not sneering Emperors with world-conquering designs. Not cacklikng demons plotting in the darkness beyond the world. It was small men with their small acts and their small reasons. It was selfishness and carelessness and waste. It was bad luck, incompetence and stupidity. It was violence divorced from conscience or consequence. It was high ideals, even, and low methods. ↗
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation. ↗
