Whoa, new inflation numbers just came out and over the past year prices have gone up a whopping 8.5 percent. That’s the biggest spike since 1981. Yes: The worst inflation in 40 years.
Of course, the Biden administration and the press—but I guess I’m kind of repeating myself—are taking the same line: It’s about the Russia/Ukraine War spiking food and energy prices, they say.
Okay, then just for the sake of argument, let’s take food and energy out of the number. The resulting inflation is still off the charts, the highest in forty years. Although, the inflation was already setting records before the war. Our own leaders are doing this to us and blaming Putin. Harry Truman said of the presidency, “The buck stops here.”
Mr. Biden, paraphrasing Truman, ought to say, “The debasing of the buck stops here!”
Embrace growth policy. Stop scapegoating "corporate greed."
Publicly endorse sound money.
It worked for Reagan 40 years ago.
It will work now.
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