US Families Have Lost $7,400 in Income Due to Biden Inflation

Every economic press release these days is an exercise in downplaying disaster.... The reality is far grimmer....

Or here’s another way to look at this. The dollar of 1980 is now worth, in terms of goods and services, only $0.26 cents. Might as well say a quarter. The pace of pillaging rapidly increased in the past two years...

Here’s the bad news: There will be no going back to 2019 prices. Just forget about it. The Fed will never allow that because that would be tolerating a deflation of about 14 percent. I would welcome that and so would you, but the geeks at the Fed are convinced that such a dramatic price movement downward would provoke a massive depression, which they want to avoid at all costs. So they’ll forever tolerate ongoing devaluation of the currency rather than risk a full-scale meltdown.

The only thing policymakers can do right now—which they aren’t doing—is create conditions for higher economic growth in the future through dramatic cuts in regulation, spending, and taxes.

Please don’t forget what few are admitting: All of this began with lockdowns. That was the trigger. But for that, it’s very likely life would be clicking along normally right now and your life and freedoms would be more-or-less intact, even with Biden’s dangerous policy agenda...

For now, and especially in light of the depressing election results, we have stagflation as far as the eye can see.