Tag: raging inflation

Guest Post by Ron Paul

April’s 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phenomenon caused by the ending of lockdowns releasing pent-up consumer demand.

Powell may be right that the ending of lockdowns would inevitably be accompanied by a rise in prices. However, this is just the latest reason the Fed has given for putting off increasing interest rates. Powell does not want to admit that the real reason the Fed will continue to keep rates low is that increasing rates will cause the federal government’s interest payments to rise to unsustainable levels.

Continue reading “Big Government and Big Inflation”

Via The Babylon Bee

WASHINGTON, D.C.—President Biden proposed a $2 trillion spending bill Monday for the purpose of determining the cause of rising inflation. This is Biden’s fourth proposed $2 trillion bill in as many months.

“The cause of inflation is a major concern for all Americans,” Biden told reporters. “Rest assured, your government is committed to spending however much taxpayer money it takes to get to the bottom of this malarkey!”

Continue reading “Biden Proposes $2 Trillion Bill To Study What’s Causing Inflation Rates To Rise”

From Birch Gold Group

Back in September 2020, we reported on Fed Chairman Jerome Powell’s inability to see a “hidden” inflation offset in energy that camouflaged the rise in overall inflation.

That “hidden” inflation offset has now vanished, and inflation appears to be heating up quickly. Anyone can see it.

Robert Wenzel wrote that price inflation is coming in hot, and in his second update he put a spotlight on gas prices:

The gasoline index continued to increase, rising 9.1-percent in March. For the last 12-months gasoline prices are up by 22-percent.

Continue reading “Uh Oh: Consumer Price Inflation Heating Up Fast”