Morning Jolt: We’re Paying for All of That ‘Free’ Money Now, Aren’t We?

On the menu today: Why is everything so darn expensive? A deep dive noting that economic minds on the right and the left are coming to an agreement — sure, the supply-chain issues and the labor shortage didn't help, but the biggest factor in our runaway inflation was "vast amounts of government rescue aid, including three rounds of stimulus checks" — way more aid than the European Union, Canada, or the United Kingdom gave to their citizens — and lo and behold, we've got much worse inflation rates than they do. We've borrowed and spent ourselves into this inflation crisis. Finally, in cheerier news, a new estimate calculates that 73 percent of Americans are now immune to the Omicron variant.

Inflating Our Futures Away

The latest Quinnipiac poll asked Americans to choose the most urgent issue facing the country today, and inflation topped the list at 27 percent, followed by immigration at 12 percent and Covid-19 at 10 percent. Unemployment — which is pretty darn low these days ...

WITH JIM GERAGHTY February 17 2022 WITH JIM GERAGHTY February 17 2022 We're Paying for All of That 'Free' Money Now, Aren't We? On the menu today: Why is everything so darn expensive? A deep dive noting that economic minds on the right and the left are coming to an agreement — sure, the supply-chain issues and the labor shortage didn't help, but the biggest factor in our runaway inflation was "vast amounts of government rescue aid, including three rounds of stimulus checks" — way more aid than the European Union, Canada, or the United Kingdom gave to their citizens — and lo and behold, we've got much worse inflation rates than they do. We've borrowed and spent ourselves into this inflation crisis. Finally, in cheerier news, a new estimate calculates that 73 percent of Americans are now immune to the Omicron variant. Inflating Our Futures Away The latest Quinnipiac poll asked Americans to choose the most urgent issue facing the country today, and inflation topped the list at 27 percent, followed by immigration at 12 percent and Covid-19 at 10 percent. Unemployment — which is pretty darn low these days ...   READ MORE

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