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Notices
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Kate Elder (not verified)
16th July 2022 | 8:15am

How can anyone take an article about inflation seriously when it begins with such a flawed first paragraph as this one does??

Does no one understand the vast changes that have happened between June and now? Gas prices are down 15-20%. Roughly half of the June inflation rate was due to gas price increases. Home price appreciation is stalling--as it needs to do. Retailers are reducing prices to reduce the excess inventory they have on hand. This does not suggest "inflation pressure may not be easing up at all but may in fact be accelerating. "

No amount of monetary or fiscal policy is going to tamp down price pressures created by the war in Ukraine. No amount of monetary or fiscal policy is going to tamp down price pressures created by our current inability to get goods to market. Unless of course we just decide on a policy of complete demand destruction via recession...which seems to be the goal of the financial entertainment industry and the bubbleheaded reporting from the major news networks.