The days of "hide the sausage" fiscal policy irrevocably ended with the Ukraine/Russia conflict as a direct result of our, and Europe's, sanctioning actions.
is not only poorly written, at least when it comes to the latest oil and refined products transport sanctions, it has it backwards. THOSE sanctions are helping hold oil, refined products, and arguably even gas prices down.
Earlier sanctions probably are still having an inflationary effect, but most of the pressure is coming from over-spending / too much economic stimulus, high debt levels, and so on.
When it comes to the prices most people pay for basic items / necessities outside of gasoline, inflation is continuing to run at a high level, but, I agree "spiking" would be the wrong description. Small comfort.
Agreed. We might well be reaching the end of “hide the sausage” fiscal policy. But, that’s being caused more by the rapid increase in interest rates. Service on the debt is quickly becoming too big to hide, or ignore.
Although, the media and the Dems are sure trying.