End the Fed!
The economy is dead and almost room temperature.
Morons. Inflation will continue to be a problem until the price of oil comes down. They isn’t happening until we start drilling in the U.S. again. Also, slow down gov’t spending.
The idiots should have read what Milton Friedman had to say. That inflation is caused by government issuing fiat money and the way to counteract that is to stop issuing money with no backing.
If the jerk Powell had a spinal column he’d tell loser turd Biden to unleash our oil production and lose the climate change hoax! That’s the root of the inflation.
It will take a deflationary period to get prices back to the levels they were at when Biden took office.
From Grocery Store Prices and Inflation:
| Item | Jan 2021 | Jul 2023 |
|---|---|---|
| Steak, sirloin, USDA ch., BNLS, per lb. | $9.15 | $11.51 |
| Chicken Breast, boneless per lb. | $3.26 | $4.14 |
| Ground beef, 100% beef, per lb. | $3.97 | $5.09 |
| Ground chuck, 100% beef, per lb. | $4.31 | $5.25 |
| Milk, fresh, whole, fortified, per gal. | $3.47 | $3.97 |
| Eggs, grade A, large, per doz. | $1.55 | $2.09 |
| Bread, white, pan, per lb. | $1.55 | $1.98 |
| Coffee, 100%, ground roast, per lb. | $4.59 | $6.14 |
| Potato chips, per 16 oz. | $5.01 | $6.48 |
| Ice cream, bulk, regular, per 1/2 gal. | $5.01 | $5.85 |
| Cookies, chocolate chip, per lb. | $3.67 | $5.09 |
| Gas, unl reg, per gal. | $2.33 | $3.73 |
| Fuel oil #2 (heating oil), per gal. | $2.55 | $3.47 |
| Electricity, KWH | $0.14 | $0.17 |
Prices have come down from their highs from the summer of 2022, but are still much higher than when Biden first took office.
-PJ
If you want to low down the economy just start a pandemic
How do you collect interest from those who print money and spend it. You don’t. You collect it from innocent taxpayers instead.
They will continue until every thing crawls to a halt,
then they will denigrate the prior administration and reverse
their policy and claim victory.