Make no mistake, the recent scourge of inflation and high interest rates has been a heist buried beneath economic jargon.
It has transferred a tremendous amount of wealth from hardworking Americans to the federal government.
The root cause of this disaster—reckless government spending and money-printing—should serve as a reminder that the federal deficit is the bank robber, the Fed is the getaway car driver, and you are the bank.
The past few years have seen consumer goods prices increase more than they had in the prior 30 years, while staggering price increases for construction materials have helped push homeownership out of reach for tens of millions of Americans.
This whirlwind of economic horrors comes from the combination of dramatically expanding government spending and a Federal Reserve willing to print enough money to paper over deficits with inflation….
