The Jagged Edge of Inflation - Swamponomics

Establishment economists sitting in their Ivory Towers are frightened by the d-word: Deflation. This is when consumer prices fall and the printing press takes a break. But inflation is the real threat, a hidden tax on businesses and consumers that erodes households' purchasing power. As we have learned since 2021, rampant inflation not only results in pain at the supermarket and gasoline station but also a wide array of other issues, from labor strife to shoplifting.