Like anything else, currency is subject to the laws of supply and demand. Fiat currency, like the U.S. dollar, has a higher degree of flexibility than a hard currency. So when the federal government dumps trillions of fiat dollars into the economy, every one is worth less – and has less purchasing power. This is Economics 101, something that a lot of people in Washington would do well to learn. Clearly they haven’t; the September Consumer Price Index (CPI) data is in, and it shows that Bidenflation is again worse than projections indicated.
The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene and the Boeing strike, the Labor Department reported Thursday.
The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a…
