Home Featured The 8% Increase in the Producer Price Index Proves Inflation is Here to Stay

The 8% Increase in the Producer Price Index Proves Inflation is Here to Stay

by Paul Ebeling

#inflation #economy #money #printing #PPI #Fed #Congress #Treasury

“Producer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs”— Paul Ebeling.

The best way to curtail a spiraling inflation problem in the United States is for the government to stop printing money and spending it“, says President Trump’s economist Stephen Moore.

“If you want to know how to stop inflation, the most important thing to do is to stop the government borrowing and the printing of money,” said Mr. Moore lamenting plans in Congress to appropriate $10-T in spending yet this yr

“The federal budget this year is going to be about $5-T,” Mr. Moore added. “They already passed a $1.9-T spending bill at the beginning of this year. And now they’re talking about $5-T of more spending.

Mr. Moore pointed to the 8% increase in the Producer Price Index, proving inflation is here to stay.

If the Producer Price Index goes up, then consumer prices have to go up,” Moore said. “This idea that inflation is transitory and that it’s going away, right now there are no signs of it. An 8% increase is the largest increase since the Labor Department started measuring this about 15 years ago.

“I think you have to go back to the time when Jimmy Carter was President when you had double-digit inflation to find similar inflation. Inflation is not going away.”

And Mr. Biden is not just jeopardizing the economy, Mr. Moore continued. He is also failing to meet his campaign promises on reeling in the COVID-19 pandemic.

The delta variant has been negative for the economy,” Moore concluded. “Biden has not done a very good job of controlling the virus. He said he’s not going to shut down the economy. He’s going to shut down the virus. But we’ve had problems with that as well.

Have a healthy week, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.