Idaho Leads the Nation When it Comes to Inflation
Wow, the liberal news media is telling us that things are bad under “Bidenomics”. While I was taking a few days off last week, I came across a story from Boise State Public Radio. You can follow it by clicking here. The worst inflation rate in America is right here at home. The Mountain West region clocks in at 8.6 percent! This isn’t a good sign for Idaho shoppers.
Blame Joe Biden?
I keep reading stories in other legacy media publications where writers explain President Biden can’t do much about the rising cost of living. I’m not sure he’s trying to do anything. The news media can make all the excuses it can for their guy in the White House, but the voting public sees disaster.
Inflation could get much worse. It’s also a worldwide issue, according to the Washington Post. Lumber prices are again soaring, which means any plans you have for building a new house will need to factor in additional costs.
Government Printing Press is Overheated
Reporters mention many factors for skyrocketing prices. Blame the pandemic, labor shortages, and supply chain issues, however. Rarely do I see any mention of devalued currency. A couple of weeks ago, I stumbled across a YouTube video about the number of dollars awash around the world. Two years ago, there were fewer than five trillion dollars in circulation. Today, the figure is over 20 trillion! I’ve used the whiskey analogy before. If you’ve got a bottle of 80 proof on the tavern wall and you begin watering it down every night after closing, it doesn’t take very long before you’ve got 40 proof.
I gladly spent the last government stimulus check (I paid off a debt). For the sake of my country, I don’t need another.
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