The fed who is responsible for preventing and controlling inflation, blames inflation. Not a good look.
“The fed who is responsible for preventing and controlling inflation, blames inflation. Not a good look.”
Prices are set by auction markets (oil, metals), the medical-industrial complex, other businesspeople, labor unions, workers, and governmental actions.
If there are lots of people with massive stock gains the prices of many things can shoot up. Stock market wealth has gone up by about 60-fold in dollar terms since Reagan became President.
If there are lots of people with massive legal settlements and jury punitive damage awards the prices of things can shoot up.