News commentators are finally acknowledging that inflation is headed much higher. For several years I've been saying that inflation is a problem. But the Fed maintains that inflation is under control and refuses to raise interest rates simply because government is the biggest borrower in Fantasy Land. This policy hurts those on fixed incomes and people who are working, too.

Sources: U.S. Energy Information Administration; Wall Street Journal; Bureau of Labor Statistics; Census Bureau; USDA; U.S. Dept. of Labor; FHFA; Standard & Poor's/Case Shiller; RealtyTrac; Heritage Foundation; The Conference Board; FDIC; Federal Reserve; U.S. Treasury
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