Commentary One of the most common complaints about Washington’s elite is its easy presumption of superior knowledge and insight. Few would suggest that elected and appointed officials lack knowledge or insight. What galls the public is how this elite so easily dismisses the perspectives of everyone but its own members (and perhaps the faculties of a few elite institutions where its members attended). Today’s concerns about inflation are a case in point. There can be little doubt that the country is suffering increased rates of inflation. Yet the best Washington can offer is an easy dismissal of any concerns. With little more than a wave of a hand, Federal Reserve (Fed) Chairman Jerome Powell and Treasury Secretary Janet Yellen simply describe this troubling development as “transitory.”  Neither they, nor it seems anyone else in authority, feel any obligation to explain to the public why its inflation concerns are misplaced. This …