As readers know, citizens in the United States—and for that matter, most of the world—are getting pummeled in the wallet right now.
Gas prices are through the roof. Rents in many cities are soaring. The cost of groceries jumps every few days, and our president recently warned that we may experience food shortages.
Unlike other financial busts in the past, the turmoil in today’s economy is less the result of failed markets than of our disastrous pandemic policies. When the federal government disburses trillions of dollars, the value of those dollars declines, and inflation results. When previously unheard-of government lockdowns force shopkeepers to close their doors for months at a time, driving many of them out of business, the economy suffers. When supply chain breakdowns and a lack of workers threaten the availability of everything from food to computer chips, we face shortages and higher prices.
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