An 'Inflation Reduction Act' that only reduces the deficit by $300 billion over a decade cannot possibly reduce inflation, writes TianatheFirst. No amount of amnesia can change that.
Contrary to White House claims that its war against inflation was won, the Bureau of Labor Statistics has revealed that the inflation blew past Wall Street expectations. One of the Federal Reserve’s key inflation measures, the core consumer price index, doubled from July to August. As the dust settled over Wall Street, the BLS reported on Wednesday that the producer price index had a slight 0.
If you don’t believe that they’re sincere this time, just rewind to 24 hours earlier. They claimed that an 8.3% CPI increase and a 0.6% increase in core CPI in just one month were an excuse to boast. — Washington Free Beacon September 14, 2022 Evidently, the experts have short memories, as they seem to believe that the Fed will never fully exercise the only tool capable of actually ending this inflation.
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