The truth will out.
by Fast Rope The late Robert Wenzel knew exactly how bad inflation was going to get. He would not be surprised at all that the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) has officially reached 7.5 percent. In fact, he predicted it with amazing precision. It’s as though Wenzel had an […]
Katharina Buchholz at Statista notes, Economic recovery following the lockdown era of the coronavirus pandemic has caused the price of goods and services to rise since the start of 2021 in many developed nations. Consumers catching up on spending coupled with persistent stock problems have created a climate of scarcity as pandemic effects continue to […]
Federal Reserve Chairman Jerome Powell says inflation will be transitory and that the “process of inflation” will stop, but that’s not what I’m seeing in the real world. Every where I look (or shop), I see more and more signs of the effects of monetary inflation on prices–commodities, rents, real estate, food, and financial assets […]