April 11, 2024

Inflation Contagion

Steven Chase

Inflation rose for the past 4 months; the last Fed rate increase (to combat inflation) was 10 months ago. They should have raised consistently. (Disclaimer: personally, I lose money with every rate increase). All this inflation is caused by two (and only two) factors: The shutdown of productive society during Covid, and the dumping of 6 Trillion dollars into our money system. (By the Congress, enabled by the Fed).
Consider that BOTH factors were STRONGLY supported by Democrats, with GOP caving in, as usual.
Who championed the rigorous devastating lock-downs?
Who favored the printing of 'stimulus' amounting to a 40% increase in our money supply?
Think carefully about this next election.

Gasoline: 47.8%
Groceries: +21.1%
Eating out: +21.4%
Baby food: +30.5%
Pet food: +23.7%
Rent: +20.9%
Electricity: +28.3%
Natural gas: +26.9%
Used cars: +20.9%
Air fare: +32.7%
Public transportation: +22.2%
Real average weekly earnings: -3.9%

Posted by: Timothy Birdnow at 11:15 AM | No Comments | Add Comment
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