The sustained inflationary surge doesn’t just risk cutting the value of our dollar savings by almost a third, it also risks seeing the United States plunged into serious international conflict. The dollar is buying less food, fuel, and other necessities these days. Inflation, something Americans who were around in the 1970s contended with, is making an unwelcome comeback. Contrary to the repeated assertions of the Biden administration and its allies, inflation may be with us for a while.
The Consumer Price Index (CPI) jumped by 0.9 percent in October, rising 6.2 percent from 12 months prior. If annualized, that 0.9 […]
Read the rest of this story here: thefederalist.com
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