I am so old; I remember just a year ago when the “experts” said inflation was going to be mild and temporary:

In his annual Jackson Hole, Wyoming, policy speech, Powell added that higher interest rates likely will persist “for some time. The historical record cautions strongly against prematurely loosening policy.”

Source: Powell warns of ‘some pain’ ahead as Fed fights to lower inflation

How it was:

The Suicide of Expertise

The past two years have destroyed confidence and trust in “Experts” who have been wrong about everything. And not a little wrong but totally and unequivocally wrong.