Posted on 11/20/2021 5:11:09 AM PST by MtnClimber
Price inflation has rapidly eclipsed COVID-19 as an economic concern, and with good reason.
Price inflation has rapidly eclipsed COVID-19 as an economic concern, and with good reason. To combat the problem, it’s important to be clear about exactly what is causing it.
Federal fiscal policy -- taxes and spending -- and regulation have an enormous effect on the value of money.
The current situation has everyone on edge. Consumer prices rose by 6.2 percent over the past 12 months, the worst increase since 1990.
Unleaded gasoline costs 57 percent more than it did a year ago. Home heating bills are expected to be 54 percent above last winter’s, used cars and trucks cost 26.4 percent more, the average price of a one-bedroom apartment has increased by 20 percent, and house prices rose at a 17.3 percent annual rate in October.
“Over the past 12 months, average hourly earnings have increased by 4.9 percent,” the Bureau of Labor Statistics reports. That means the average person’s inflation-adjusted earnings decreased over the past year.
Much of the blame belongs to the U.S. Federal Reserve System, the nation’s central bank, which sets interest rates and generally determines the nation’s money supply.
The Fed has been reckless and unmoored since going all-in for monetary expansion in 2008. Its decisions have created large economic distortions, such as equities (stocks) currently being overvalued by some 32 percent as reported by economist Robert Genetski.
(Excerpt) Read more at americanthinker.com ...
The democRATs have long had a theory that society must fail and collapse before it can be rebuilt in their ideal system a.k.a. communism. Build back better?
That would be too easy.
Wow, thanks for that brilliant insight, Captain Obvious. This guy should work for a Federal Reserve bank, where they are surprised that printing over $6 trillion dollars of new, baseless currency has coincided with severe inflation.
It is TIME to End the ComDem_Insanity!
Restore the Constitution!Size DC!
Who the heck is: economist Robert Genetski?
NO. The issue is not the value of Equities, it is the value of the dollar. Equities in profitable companies are a real asset. Fiat inflated dollars are NOT. Why do you think the Great Reset Freaks want to force Communism on us all. To save their failed Socialism by dismembering capitalism.
Restore the Constitution!Size DC!
MAGA BUMP!
Great Graphics.
HOW TO MAKE A CONGRESMAN/WOMAN PASS OUT
stop inflation, cut government spending
What a great idea!
Stop government spending? Isn’t that akin to garlic to a vampire?
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