(TFPP Wire) U.S. producer prices increased solidly in August, indicating that high inflation is likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on.
inflation
WATCH: Students Who Voted For Biden Tell Us What They Think Now After Afghan Collapse, Massive Inflation
(The Scoop) Students from George Mason University who said they backed President Joe Biden have voiced their disappointment with the administration’s recent missteps and blatant failures, including the debacle in Afghanistan, mounting inflation, as well as the escalating immigration problem at the southern border that the administration is yet to address.
As Inflation Skyrockets in the US, Russia and Saudi Arabia Sign Agreement Ending the ‘Petrol Dollar’, Putting the US Dollar and Economy at Even Higher Risk
(Joe Hoft) With inflation rocketing skyward, Russia and Saudi Arabia sign deal to end
Grocery Prices Skyrocket 31 Percent in One Year as Lockdowns, Drought and Money Printing Unleash Food Inflation
(Mary Villareal) Food prices in July were up 31 percent from the same month in 2020, according to the United Nations Food and Agriculture Organization. This rise is fueled by supply chain disruption and extreme weather conditions.
Destroying the Economy – Democrat’s Hope to Pass $5.4 Trillion in New Spending And Yet the Debt Limit Is Not Addressed
(Joe Hoft) The Democrats are planning to pass $5.4 trillion in new spending this week and yet the debt ceiling is busted and inflation is sky-high.
Inflation and the Reanimation of Dead Ideas
(Jon N. Hall) The cover of the July-August edition of The New Republic features an interesting image of a well-known man whom one might not recognize unless one reads the blurb: “The Second Death of Milton Friedman.” On the opposite side of the cover, we read: “The economist died in 2006. And now, his pernicious and reactionary ideas are finally dead, too.”
Yes, Prices for Food Are Rising Steady As Inflation in the Biden Era Starts to Run Rampant: Here’s How We Know
(JD Heyes) Americans didn’t hear much about inflation during the previous administration because prices for food and commodities weren’t out of sync with rising wages that all demographics enjoyed under President Donald Trump’s kick-butt economy.
Harvard Economist Breaks the Bad News: Bigger Paychecks Under Biden Made Useless by Spiraling Inflation
(Jack Davis) In Joe Biden’s America, earning more means buying less.
‘Americans Should Brace Themselves’ For Higher Inflation, Economists Warn
(Ian Cheong) Biden’s handling of the economy and plans for trillions in government spending has raised serious concerns among economists who’ve issued a warning for Americans to “brace themselves” for years of inflation not seen in decades.
Senate Democrats Unveil $3.5 Trillion ‘Infrastructure’ Bill – Will Attempt to Pass Through “Reconciliation” with Zero Republican Votes
(Cristina Laila) What inflation?
Inflation’s the Nail In the Coffin of Biden’s Spending Plans
(Joe Hoft) Inflation is accelerating — every consumer in the country feels it every day. If there is any economic sense left in Washington, the rising inflation threat should grind President Biden’s big-government spending plans to a halt.
We Should Be Shocked By What Inflation Is Doing To Home Prices, Because We Have Never Seen This Before
(Michael Snyder) If you are shopping for a home right now, I really do feel sorry for you. Home prices in many areas of the country have officially crossed the line into “absurd” territory, and they just keep going higher. Thanks to wild spending by the federal government and the economic malpractice that has been happening at the Federal Reserve, we now have way too many dollars chasing way too few goods and services. Inflation is showing up in every sector of our economy, but it is not showing up equally in all sectors. One area where inflation threatens to spiral completely out of control is in home prices. Right now we are seeing the wildest bidding wars in U.S. history, and in many, many cases buyers end up paying way over listing price.
Yellen Concedes Inflation Picking up, Could Reach 3 Percent
(John Solomon) Treasury Secretary Janet Yellen acknowledged Saturday that inflation was growing and could peak as high as 3 percent this year as the economy recovers from the pandemic, but she insisted there was no need for alarm.
Russia Dumping All U.S. Dollars in Its Sovereign Wealth Fund and Will Switch to Euros, China’s Yuan and Physical Gold
(JD Heyes) Likely sensing that the Biden regime is out to crash the U.S. economy with its job-killing, dependency policies, Russia is moving to ditch all dollar holdings in its ‘rainy day’ fund and replace them with gold, euros and China’s yuan.
US Mint Postpones Silver Coin Pre-orders amid Global Silver Shortage
(Virgilio Marin) The United States Mintdelayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins.