According to The Epoch Times, “President Joe Biden says he’s directed the National Economic Council to focus on reducing energy costs for U.S. consumers following a Department of Labor report suggesting that inflation hit a three-decade high in October.
Today’s report shows an increase over last month. Inflation hurts Americans pocketbooks [sic], and reversing this trend is a top priority for me,” Biden said in a statement on Nov. 10. “The largest share of the increase in prices in this report is due to rising energy costs.”
The president said he directed his top economic aides to attempt to “further reduce these costs,” regarding energy prices. He also asked the Federal Trade Commission to deal with “market manipulation or price gouging in this sector.” (The Epoch Times)
What’s Causing the Record Inflation?
Why is inflation at a three-decade high? You can go around trying to patch the symptoms but the root cause is GOVERNMENT POLICIES of dumping money into the economy. The more dollars they dump in the economy, the less the dollar is worth and the more dollars it takes to pay for anything.
It’s showing up in energy, food, commodities, and it’s just going to keep increasing because they are NOT addressing the ROOT cause. In fact, they are fueling the root cause by dumping trillions of dollars onto the fire. It’s not “price gouging” … that’s a strawman enemy… it’s the fact that the dollar just is NOT worth what it used to be.
I really really wish everyone was required to take a basic economics class that was explained well. Maybe then people would understand that THERE IS NO FREE LUNCH… NO FREE MONEY… NO FREE ANYTHING. There is always a price attached. Inflation is the most common one.
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