Bidenflation clocks in at 13.2%, according to new TIPP index

Article author: 
Monica Showalter
Article publisher: 
American Thinker
Article date: 
16 December 2022
Article category: 
National News
Article Body: 

... Prices are up, and Joe Biden caused the problem by spending and printing money for government boondoggles, like a proverbial drunken sailor. 

 The figure cited is year-on-year, which doesn't really convey the extent of the problem. The real measure of inflation is the one that begins with Joe Biden's administration, with the first whole month of it in February 2021, not the year-on-year figures which aren't what the public thinks about as it watches this wide scale inflation eat up their paychecks. February 2021 is the month that separates whatever miniscule inflation that existed in the system before his administration with the monster inflation that coincides with Joe Biden's term in office.

That number, according to the new TIPP inflation index, the TIPP CPI, is 13.2%.

Intriguingly, no media outlet bothered to inform its readers or viewers that the prices have increased by 13.2% under President Biden's watch between February 2021 and November 2022.

The simple calculations don't need a rocket scientist. But no one is curious to make that. The mainstream media would rather play defense for the White House and pretend that its policies are working.

That's where we fill the vacuum. We developed the TIPP CPI, a metric that uses February 2021, the month after President Biden's inauguration, as its base and measures the rate of change.

Inflation is always and everywhere a monetary phenomenon, as Milton Friedman once put it. It's not caused by oil prices, meat packers, oil companies, gas station owners, Vlad Putin, or anything else as Joe Biden would have you think.

It's caused by money printing and huge increases to the money supply which has been expanded to pay for Joe Biden's vast government programs....


California Is Impossible For The Middle Class, Zero Hedge, 16 December, 2022.