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30.11 - 13:31
We need to talk about the real reason behind US inflation
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On Wednesday, the US labor department announced that the consumer price index – a basket of products ranging from gasoline and health care to groceries and rents – rose 6.2% from a year ago. That’s the nation’s highest annual inflation rate since November 1990.
Republicans are hammering Biden and Democratic lawmakers over inflation – and attacking his economic stimulus plans as wrongheaded. “This will be a winter of high gas prices, shortages and inflation because far left lunatics control our government,” Marco Rubio, the Republican senator from Floridaposted on Twitter Thursday.
A major reason for price rises is supply bottlenecks, as Jerome Powell, chair of the Federal Reserve, has pointed out. He believes they’re temporary, and he’s
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