by Peter Schiff
Schiff Sovereign
Sometimes I have to ask myself if the people in charge actually know how to read.
Honestly I’m not entirely sure. Perhaps they know how to read… but they choose not to do so. Because it’s pretty obvious no one is paying attention to the details in the government most recent inflation report, which was just released this morning.
Everyone is cheering the news of 2.9% inflation, which the government said is “the smallest 12-month increase since March 2021”.
Sure, on the surface, it’s decent news. And I’m sure Joe Biden and Kamala Harris are going to issue some remarks patting themselves on the back– something like, “while there is still more work to be done, today’s report shows that we are making significant progress in fighting inflation thanks to my policies. . .”