X @Nick Szabo

RT Bitcoin Well (@bitcoinwell)The April CPI just printed 3.8%. That's the hottest inflation reading in three years.Core CPI hit 2.8% - above expectations. Monthly CPI jumped 0.6%. Gas is up 65% in six months. Energy is doing what energy does when the world's largest oil chokepoint is contested.The Fed targets 2%. We're nearly double. They'll call this "transitory." They called the last 3.8% transitory too, in 2022. The dollar lost 18% of its purchasing power before they admitted otherwise.Jerome Powell's te ...