Inflation has been accelerating this year, and it isn’t hard to see why.
Government spending has been so overwhelming that even former U.S. Treasury Secretary Lawrence Summers, a Democrat, said recently : We are printing money. We are creating government bonds. We are borrowing on unprecedented scales. Those are things that surely create more of a risk of a sharp dollar decline than we had before. And sharp dollar declines are much more likely to translate themselves into inflation than they were historically. Summers foresees the rise in inflation harming the poor the most. Others at risk include savers and […]
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