Mauldin has continued to write about how wonderful it is that the economy is being destroyed in order to fight the corona; his latest: Bending the Inflation Curve.

I will get a couple of simple points out of the way – points where Mauldin is wrong, but not points worth spending further time on: Mauldin confuses deflation with depression; Mauldin confuses consumer price and asset price increases with inflation.

Further, I won't spend any time on the countless trillions being spent by the Federal government, or created from the Fed (to include the leverage on top of that).  I can't keep up with the numbers.  Mauldin calls it $8 trillion thus far, and counting.  Good enough for me.