CPI Inflation Rate Highest In 39 Years

[The Hammer]

Not a good sign
US inflation surges to 39-year high as consumer prices soar
https://www.investors.com/news/economy/cpi-inflation-rate-39-year-high-dow-jones-federal-reserve/

That's what happens at the end of an unprecedented global pandemic.

Inflation goes up as economies restart, supply chains kick off etc.

Here is an article from July 2020 discussing what we are now seeing.
Inflation Is Coming. Here’s How I’m Getting Ready

 

[Revoltingest]

That's what happens at the end of an unprecedented global pandemic.

Inflation goes up as economies restart, supply chains kick off etc.

Here is an article from July 2020 discussing what we are now seeing.
Inflation Is Coming. Here’s How I’m Getting Ready

A big factor is massive deficit spending by government.

 

[Suave]

Not a good sign
US inflation surges to 39-year high as consumer prices soar
Inflation Hits 39-Year High; Fed May Speed Up Taper

Economists are interesting animals.
Tis easy to find opposing views. They often stem
from beliefs held before getting their PhDs. Paul
Krugman & Milton Friedman wouldn't see the same
data, & reach the same conclusions. Economics
tends to be value laden, making it less a hard science
than something like physics.
So I prefer to not treat any economist as delivering
the gospel...does their argument have merit? Does
it comport with reality.

A friend was working on his PhD in economics.
He built elaborate mathematical models of systems.
But he discovered that such models in general were
sensitive to initial conditions (chaotic behavior).
There was little real predictive value.
He left the field for health care analysis.

I'd like us to realize the U.S. will need to inflate her way out of massive debt in order to help fund all the infrastructure projects, social safety net programs, and green new renewable energy research and development programs we very much would like to save us from global warming destruction. Ergo, rather than complain about inflation, perhaps we should wisely invest our dollars into hedges against inflation like cryptocurrency, REITs, treasury inflation protected securities, or gold and silver

 

[Revoltingest]

I'd like us to realize the U.S. will need to inflate her way out of massive debt in order to help fund all the infrastructure projects, social safety net programs, and green new renewable energy research and development programs we very much would like to save us from global warming destruction. Ergo, rather than complain about inflation, perhaps we should wisely invest our dollars into hedges against inflation like cryptocurrency, REITs, treasury inflation protected securities, or gold and silver

I'm sure that US monetary & economic policy is
designed to reduce debt by currency devaluation.
How could they not resist, eh.

 

[tytlyf]

My biased opinion.....
Every single time a Democrat is elected, inflation rages to new heights..


Voters are correct: Biden is to blame for inflation

Biden is responsible for the world.

 

[Kooky]

My biased opinion.....
Every single time a Democrat is elected, inflation rages to new heights..

Yet the highest inflation rate to date happened under US President Ronald Reagan, 39 years ago.
And unlike Biden, Reagan did not have the excuse of a global pandemic causing worldwide resource shortages.

 

[Kooky]

I'd like us to realize the U.S. will need to inflate her way out of massive debt in order to help fund all the infrastructure projects, social safety net programs, and green new renewable energy research and development programs we very much would like to save us from global warming destruction.

Oh don't worry, those aren't going to happen.

 

[Twilight Hue]

Yet the highest inflation rate to date happened under US President Ronald Reagan, 39 years ago.
And unlike Biden, Reagan did not have the excuse of a global pandemic causing worldwide resource shortages.

Nope. Your history needs a bit of work. To date went as far back as 1778 Henry Laurens (5th continental congress) and 1917 Woodrow Wilson (Democrat).

This is taken from Investopedia.....

The Highest Inflation Rate in U.S History
Since the founding of the United States in 1776, the highest year-over-year inflation rate observed was 29.78 percent in 1778. In the period of time since the introduction of the CPI, the highest inflation rate observed was 19.66 percent in 1917

 

[Friend of Mara]

Not a good sign
US inflation surges to 39-year high as consumer prices soar
https://www.investors.com/news/economy/cpi-inflation-rate-39-year-high-dow-jones-federal-reserve/

All the more reason to increase wages to keep up with such trying times. Hell maybe even a full overhaul of the system and the way we think about the value of commodities and labor.

 

[Kooky]

Nope. Your history needs a bit of work.

Perhaps you should inform @esmith as well, because the thread title literally says that the US hasn't had inflation this high for 39 years.

 

[Twilight Hue]

Perhaps you should inform @esmith as well, because the thread title literally says that the US hasn't had inflation this high for 39 years.

In recent decade's perhaps.

 

[Revoltingest]

Yet the highest inflation rate to date happened under US President Ronald Reagan, 39 years ago.
And unlike Biden, Reagan did not have the excuse of a global pandemic causing worldwide resource shortages.

Reagan was Prez from 1981-1989.
Look at what happened as we transitioned from
Jimmy Carter to Ronnie Rayguns...