Monica Showalter at American
Thinker has a piece on the inflation we are all experiencing. Here’s a key extract:
. . .[T]oday's inflation is
far from done, according to the Fed, which expects to initiate three
rate hikes in 2022 to fight it. As the prices soar,
it's likely that that 80% might
just go higher.
Fed chairman Jerome Powell
says consumer
spending is strong, as a sort of point of optimism, but that's weird stuff
coming from him. If he's read anything about past inflationary
surges, or maybe looked at the history of Argentina, he knows that consumer
spending gets very strong in response to the value of the dollar falling (an
inflation byproduct) as well as in response to anticipated price
hikes. Commodities become more valuable than cash, and everyone
wants to get his own before the prices go up. Of course people are
buying; that's Your Inflation at Work.
Full article is here.
Stock up!
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