Ben Shapiro has a great piece at The Daily Signal exposing the BS of the Putin Price Hike narrative being aped by the poo-flinging media monkeys. The key evidence? Where things were and were headed before Russia invaded Ukraine. Up ⇑ !
Take it away, Mr. Shapiro!
In February 2021, the month after President Joe Biden took office, the inflation rate was just 1.7%. In April 2021, it spiked to 4.2%. By May, the inflation rate was 5%. It remained in that range until October, when it spiked to 6.2%. It then spiked again to 6.8% in November and 7.5% in January. …
It also doesn’t supply chain issues alone. The core inflation rate in Europe has remained well below that of the United States. The harmonized index of consumer prices was 5.9% in February in the Europe area, compared with 7.9% in the United States.
So, what is the problem? The problem lies in loose monetary policy from the Federal Reserve for years on end, combined with wildly irresponsible economic policy from the Biden administration. …
In 2020, the government spent approximately $6.6 trillion in federal outlays. In 2021, the year of recovery, the government spent $7.2 trillion.
No one wanted to pay the piper and the piper has come to call. And his name is not Vladimir Putin.
