Pocketbook Pain: Inflation Raising Consumer Good Prices

Inflation rose quicker than expected, and some mainstream media outlets are warning of longer-term consequences. So why do the same outlets advocate for the policies that will lead to what they’re warning about?


Inflation is pushing prices for consumer goods large and small higher, prompting questions of “whether the current price surges are temporary” or a harbinger of long-term economic turmoil.


reporting from the left side of the aisle




Author’s Take

It is interesting watching CNN, New York Times and their peers in the mainstream media warning about inflation and quietly admitting the larger economic consequences of dramatic or immediate increases in minimum wages. While they do that, they also cheerlead for increased government spending and social intervention, which will contribute to the conditions for the “wage-price spiral” they are desperately warning about.

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© Dallas Gerber, 2021