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Biggest Driver of Inflation Is the Government

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The Fed’s intervention in the market in the name of controlling costs has proven to do just the opposite.

By Political Editors · at The Patriot Post/https://patriotpost.us/articles/54540-biggest-driver-of-inflation-is-the-government

Much of the recent volatility in the stock market can be attributed to growing fears over the Federal Reserve enacting interest-rate hikes due to concerns over increasing inflation. On the subject of inflation, however, it is the government’s meddling in the market that tends to be the greatest contributor. Economist Mark Perry, who has tracked changing prices for over two decades, has noticed a common trend with the price of various goods and services — costs have increased over the inflation level for those goods and services that have lacked competition. This should be no surprise to conservatives.

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