And things are still getting worse, not better, this ship hasn't even begun to start turning around.
It really makes me angry to see the DC lie about a 7% inflation rate. It is easily double that if you prefer to continue to eat and have a roof over your head.
They are going to lie, obfuscate, minimize, deflect blame, and ignore the role The Biden Gang has played in this fiasco.
This article contradicts itself? Is inflation worst in the North, the South, or the middle of the country? It ends up saying all three. At least they didn’t say, “Women and minorities will be hit the hardest.”
Rust belt is flyover country. No one who is important and cool cares about flyover country. If they all die tomorrow it won’t affect us a bit! (/liberal elitist)
I live in a Midwest Northern state and prices have gone up. The weedkiller concentrate I paid $26 for last Spring is now $38.
However, our supermarket shelves are full and no shortages while my sister who lives outside of DC her food shelves are empty.
This whole thing is crazy. Does not make sense.
$5 gas and this (in a passable but far, far from “prime” neighborhood, and crowded too):
https://www.sfgate.com/realestate/article/edwardian-guess-the-rent-outer-mission-16785190.php
somehow we don’t think that inflation is worst the midwest?
The rust belt votes democrat and is pro union. Maybe this will be a teachable moment, but I doubt it.
Cantillon Effect. Its been clearly known for at least 300 years....
When new government/politicians issue new state-controlled, fiat money, it flows first through them and their closest cronies, who get the best use of it, before inflation
As this new money trickles down to those furthest from the center of power, they get the inflation, reduced real wages, burdensome debt, scarcity of goods.
Its also how the late Roman Empire devolved into feudalism.
As long as it is conservative white people in fly over country then it is working as planned.
And Republicans in Congress are more concerned with lifting tariffs on Chinese junk than helping the people.
Saw a graphic on Fox.
Last year of Pres Trump’s term, the US was getting 18,000 barrels of Russian crude oil. I don’t remember the time frame.
Now, we’re getting 220,000 barrels. Not even a year later.
The US consumer is funding Russia’s ability to amass on Ukraine’s border
That is certainly not coincidence.