No one under 60 has experienced anything like this in their adult life....
Stimulus checks, government spending, and Putin's invasion of Ukraine are only part of the problem.
Remember, this is the same administration that was still saying only a year ago that inflation was "transitory" despite all evidence to the contrary...
Montana congressional candidate Ryan Zinke, Wisconsin congressional candidate Derrick Van Orden, Arizona congressional candidate Eli Crane, and Florida congressional candidate Brady Duke discussed surging gas prices and inflation
President Biden is set to announce a temporary suspension of the federal gasoline tax in the face of record gas prices in the US. However, with gas prices around five dollars per gallon, the 18 cents per gallon savings equals about two dollars per ta
"No. Inflation was high, certainly before the war in Ukraine broke out."
Road maintenance and construction don't suddenly become free because gas hits $5 a gallon.
The Federal Reserve's recent 0.75 percent increase in its "benchmark" interest rate is the Fed's highest rate increase since 1994.
Gas prices are only getting worse. And politicians refuse to fix the problem. They are only making things worse to push the ESG score agenda.
Median rents in the US crossed the $2000 mark this past month for the first time ever, while rental markets surged 15% – 20% in a single year depending on the region.
For Musk and Bezos, it was the stimulus to help consumers at the time of the pandemic that caused the inflation. Basically, the responsible culprit for the surge of your recent grocery store receipts is the federal government.
In my 16 years as an alternative economist and political writer I have spent around half that time warning that the ultimate outcome of the Federal Reserve's stimulus model would be a stagflationary collapse.
Biden Hopes To Solve Inflation With Even More Inflation, Handing Out Gas Rebate Cards... There Is Just One Problem
Proof of central bank incompetence is nearly everywhere one looks.