If you haven’t noticed rising prices here in America for the past twelve months, you’re either Rumpelstiltskin or dead. And if you didn’t expect rising prices, either you’ve not been paying attention to American monetary, fiscal, welfare, and pandemic policies or you’ve not understood basic economics. So, May’s year-on-year “inflation” rate was 8.6%, following April’s 8.3%, continuing a rapid rise that started in October. (Why the scare quotes around inflation? Because properly … [Read more...]