The federal government, under both parties, has printed trillions of dollars to fund its “stimulus” packages and other projects. This spending greatly increased during the COVID era. Basic economics teaches that the government printing press is not only the cause, but the very definition of inflation. Over the past 30 + months, prices of all consumer goods have risen dramatically. Real estate has achieved similar highs. Prices have appeared to stabilize only after action by the Federal Reserve system to restrict the money supply. The supply of money has been the key both to inflation and to its temporary taming.
Of course, raising interest rates is not the real solution. Only the end of government printing would stop inflation.
Government and its media operatives have, as usual, attempted to confuse the issue. The administration and its corporate media sponsors have blamed Russia, COVID, the “supply chain” and other irrelevant targets. They […]
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