For much of the Biden presidency, the Main Stream Media-approved economic experts have been nonchalant about inflation.
Even as prices were rising gasoline, for instance, jumped by about 20 percent in the first two months of the Biden presidency the public was advised to stay calm.
Sample March 10 headline from the reliably pro-Biden
New York Times: “Inflation Fear Lurks, Even as Officials Say Not to Worry.” The article quoted Jerome Powell, chairman of the Federal Reserve, saying that the price-spikes were nothing to be concerned about. According to Powell, “There’s a difference between a one-time surge in prices and ongoing inflation.” The
Over the next few months we will see some pretty extraordinary inflation , which the Reserve Bank and the government should ignore as a false sign of a strong economy. They should remain clear that more stimulus is needed. If there is one guarantee in economic debate, it is that as soon as any sign of economic strength occurs, conservative commentators and politicians will start worrying about inflation. The Economist has run an article.
Inflation will reappear in Australia – but that shouldn t mean the end of stimulus | Inflation theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.