The Bureau of Labor Statistics released data Tuesday showing a sharp increase in consumer prices, especially gasoline, as many Americans struggle to make ends meet. March saw a 0.6% increase in consumer prices, the largest spike in nearly a decade. That increase can be attributed in large part to a rise in inflation.
For the poor and people on fixed incomes, that’s extremely serious.
Jerry Bowyer, a financial economist, examined a New York Times op-ed to make the case for inflation worries while writing for Townhall. He has been one who calms inflation talks but not now. We need to listen.
As he said, Harvard economist Larry Summer is worried about inflation and we need to worry about that since he is of like mind with the current administration.
The article at the Times saying there were no inflation worries was published on February 17th and inflation metrics have changed since then, Bowyer says.
He examines the metrics as well in his analysis and disputes the Times contention that all is well.
We better hope Democrats don’t pass these enormous socialist ‘infrastructure’ bills. They could cause serious inflationary problems.
Democrat policies are a disaster.
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Printing press go..brrrrr.
Stimmy checks go far at the I’d buy that for a dollar store.
Grocery shopping will be like going to Macy’s or Saks Fifth Avenue?
What a golden egalitarian utopia that the CPUSA comrades can build.
I have to put on positive affirmations from the monastery just to cope with peak fellow traveler faculty lounge choom bong terminal stupidity.
Silver at $25/oz is a steal. Go to Kitco.com and load up. Most analysists see itgoing to $50 and then $100/oz,especiallyif Biden gets his $3 Trillion “Infrastructure” bill passed. Do this befoe a loaf of bread costs you $5, and keep your silver and/or gold buried where the government can’t confiscate it.
And you can count on it getting worse. Welcome to the country run by Democrats – again! You would think we would know better by now.