Inflation Rate Highest Since Great Recession

The rate of inflation has reached the highest level in nearly 13 years as President Biden has unleashed the money printers to pay people to stay unemployed, therefore increasing the overall money supply while overall decreasing production – two pathways that raise prices. Bloomberg News reported that the Labor Department announced Wednesday, “The consumer price index increased 0.8% from the prior month, reflecting gains in nearly every major category and a sign burgeoning demand is giving companies latitude to pass on higher costs.” The inflation rate doubled the highest projection in a Bloomberg survey of economists. So, yet again, Biden


