Correct. Anyone who goes into stores on a regular basis knows that inflation is already here.
The Feds don’t care about inflation because they’re not really affected by it. They have secure jobs with high incomes and COLAs. They can easily absorb the rising costs.
Yep, they told me in 1977 it couldn’t go on like this, we’d all be eating dirt soon.
We have asset inflation right now.
The price of homes is going way up.
People with money are trying to get into real assets as fast as they can.
Very sad. Inflation is a tax on the middle class who have savings but perhaps little property or stocks.