Of course all of that money was going to be a short-term help for the economy, but it was also going to make our long-term problems even worse.  So what did we get in turn for mortgaging our future?  Well, it turns out that we got a few months of economic stability, tremendous inflation, and the worst supply chain crisis in the history of the United States.

And now the economy is slowing down again.

Of course inflation isn't going anywhere, and so some pundits are suggesting that we are heading for a period of "stagflation" like we experienced under Jimmy Carter in the 1970s.

If only that were true.