BREAKING NEWS: November CPI Inflation report, year over year rose at a rate of 2.7% - Overall Inflation, 1.86; Food, 1.96%; Shelter, 2.4%; Rent Cost, 2.3%; All Energy, 0.6%; Electric, 6.8%.
Of course there was no deflation because that would mean a recession and Trump would be in trouble for that as well if it happened. It’s almost like nothing he does would be good enough for the left… o wait
You mean if we didn’t helicopter in tons of money to everyone? Yes. That was stupid.
The “Inflation Reduction Act” was even worse and clearly was not designed to “reduce” inflation because every part of it made inflation worse.
All these big a$$ bailouts were nothing but an incitation to fraud and embezzlement. E.g numbers of SMB owners put relief money meant to preserve employment in their pockets and fired employees anyway.
It’s exactly the same as it was last November. I really thought the tariffs would have more of an impact. I hope it stays this low or drops to the goal if 2%.
3% is an improvement over the Biden years, but we will never truly fix inflation until we disband the Fed and transition back to a precious metal-backed monetary system.
Fiat currency and central banking will fail, just like every other society that has tried it. Ask the Romans what happened when they started putting lead in their silver coin.
Sure there is. You just peg "X" dollars to a convenient troy ounce number. We know that precious metals offer long-term stability and freedom from the corruption of central banking.
That would artificially jack to price of gold way up. While it sure would make the day, or shouldI say, the xentury, of gold investirs, that would preclude the use of gold for anything else, electronics, jewelry, etc. We can easily see through the ulterior motives of the gold lobby. There is absolutely no other reason for this push.
Inflation can be reigned in by equilibrating the budget, quitting the frivolous spending, be it on hand outs to people or businesses, Israel or Ukraine, pork and earmarks to Congress bills, etc., also by handing over the world policing entirely to the UN, restoring balance, equality and solidarity to the tax system, and prioritizing lowering the debt and free trade with just enough protectionism to avoid trading with foreign entities that leverage slave labor (domestic ones too, btw., which ought to resolve our border issues in the long run.)
Tariffs have not really passed on to the consumer on most products, at least not yet. No, having 5% inflation for the past 4 years is why everything is so expensive.
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