Stunning News on Inflation Shatters the Illusion of a Transitory Problem
The increase recorded in consumer prices soaring 0.9% just for the month of October alone and 6.2% for the past 12 months is stunning news. It is the fastest pace in over 30 years. And I have to say that last month's results really, really undercut the idea that inflation is temporary or transitory or whatever excuse the Federal Reserve is making. By the way, if you look under the hood of the report, energy was up nearly 5% for the month and 30% for the last year. Art Laffer makes an...
Published:11/11/2021 8:24:26 PM