The rate of inflation, as
measured by the consumer price index, reached a 30-year
high of 8.3 percent. Think that is big? In 2020 the rate
of inflation was only at 1.4%, so we are already at 4
times that rate.
Inflation is a silent destroyer of wealth that impacts
each and every one of us, rich or poor, but especially
the middle class that works and saves for years just to
watch our money’s value waste away due to reckless
government print-and-spend policy.
A tsunami of money in the past few years has been
unleashed on America's economy by the Federal Reserve.
As a result of this, the economy has been severely
distorted creating gigantic asset bubbles in housing,
crypto's, and equities.
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