Politicians and economists love to tell us that inflation isn't a problem and that we should take food and energy out of the calculation because they are very volatile.
Because they try to tell us that inflation is low it would mean that the Federal Reserve still has room for more QE.
Maybe someone should tell these people that the main expense for the majority of Americans IS food and energy and that this spike in prices is killing us!
The charts in this article at The Political Commentator tell the whole story. Check them out at TPC here.
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