Glenn Beaton writes,
After being kept in check for a generation, inflation is roaring back.
Once we know inflation is back, the psychology of inflation takes hold and it spirals. People become willing to pay inflated prices today because they fear more-inflated prices tomorrow. Inflation begets more inflation.
So, to their benefit and our detriment, they lie to us about COVID inflation just as they lied about COVID masks and lied about COVID dangers to young people.
That works for only so long. The stock market this week finally recognized that printing trillions of dollars to give to people for not working causes them not to work. Investors and economists know that the wealth of the country has not increased by trillions of dollars. What has increased is an endless supply of printed money chasing a shortage of goods and services produced by a dwindled workforce.
https://theaspenbeat.com/2021/05/11/they-overplayed-and-lied-about-covid-and-now-theyre-underplaying-and-lying-about-covid-inflation/
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