You’d have to be rich or an elected Democrat to not notice with a nod to the possibility you – as a Democrat – are not permitted to remark if you had. Things got a lot more expensive very quickly. We have an inflationary hockey stick, and the trend does not appear to be slowing down.
The Fed is still printing money like mad, which – read the analysis here – is making things worse and deliberately, it seems.
This inflation surge is happening while the Fed is still recklessly printing $120 billion a month, having amassed $8.6 trillion in assets, nearly half of it – $4.2 trillion – in the past 20 months to repress long-term interest rates and inflate asset prices. And it’s still repressing short-term interest rates to near-zero. With these policies, the Fed is energetically throwing enormous amounts of fuel into the world for further inflation.
We’d be right to wonder why?
Prices are growing at a near-record pace, and while everyone can see it, no one “in charge” wants to talk about it, but this shadow tax is crippling middle and low-income Americans or will soon.
One simple trick that might help? Open up American energy development again. Bring gas prices and heating fuels down (as winter approaches). It can’t undo the full burden of bad policy by The Fed and Democrats, but it would help. A hand up, as it were.
But, of course, they can’t do that. Their cult-like obsession with their own climate mythology will not allow it. Besides, none of this will affect them, so why would they care? And when people complain, they’ll insist that more government is the only cure.
To the problems they created.
On the bright side, and it’s not actually bright at all, there’s not much left for the government to mess up, is there?
