7 Reasons High Inflation Isn’t Likely To Go Away Any Time Soon

In 2023, there will be a recession Concluded More than two-thirds (23%) of economists working at large financial institutions have recently been employed. Surveyed The Wall Street Journal. It is likely that inflation will remain high. Measuring year-over-year inflation by the U.S. government’s 1980s methodology It is best to put it at 15.23 percent in November 2022 instead of the government’s claimed 7.11 percent, According John Williams, an economist.

Many commentators, including me, were wrong when we previously claimed our grandkids will be paying off America’s massively unaffordable welfare state. It is happening now, and we will all be paying it for the rest of our lives.

Nobel Prize-winning economist Milton Friedman’s maxim that “inflation is always and everywhere a monetary phenomenon” — meaning, inflation is always caused by government overspending — predicts continued inflation for at least the next five years, if not longer.

That’s because government entities are continuing to engage in seriously inflationary actions. They’re doing this partly because of ideology, partly to buy votes, and partly because they prefer eating away Americans’ savings to paying off the unprecedented government debt that politicians have accumulated in the last 70 years enriching their friends and buying off voters.

Inflation means Politicians Stealing From You

An 2021 Politico profile about a former member of the U.S. Federal Reserve Not noted, “Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years.”

Thomas Hoenig is a former member of the Federal Reserve Committee who was dissident. “was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else,” This is what the profile says. “He also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system.”

The Federal Reserve has been helping Congress to make money by promising Americans more than they can afford. That’s been ongoing since the 1960s Great Society, which basically paid Americans with unaffordable entitlements to shut up about the steady loss of their constitutional freedoms, According Christopher Caldwell is a scholar.

The Borrowing Will Go On Until It Can’t

In 2021 41 percent of federal spending DependedLending. In 2022, 22 percent did. This means raising the cost of debt by hiking interest rates, as the Fed is now doing, could provoke a crisis because it would make Congress’s unsustainable behavior even more painful.

Brian Riedl, economist at the Manhattan Institute, analyzes the data. Notes, “rising interest rates risk pushing government interest costs, annual budget deficits, and total government debt to unsustainable levels … once the debt surges, even modest interest-rate movements can impose stratospheric costs.”

This would require years of government deceit.

*As an Amazon Associate I earn from qualifying purchases