Wednesday Aug 11, 2021

Inflation Happens When Governments Loose Their Financial Discipline.

This is what I call perfect timing. I give you two events, happening almost simultaneously. Last night the United States Senate passed the largest Federal Budget in the nation's history. At over $3 Trillion dollars, this budget essentially triples all that has gone before.

Juxtapose that, with the calculation in just a few minutes of the latest reading on the nation's inflation rate. Brought to us by the Bureau of Labor Statistics, this generally conservative view of inflation presents an often understated view of where our currency stands.

 

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