On the recordApril 26, 2022
The combination of supply, consumer demand, pandemic disruptions and geopolitical unrest is reason enough for the inflation.
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congress.govThe combination of supply, consumer demand, pandemic disruptions and geopolitical unrest is reason enough for the inflation.
King attributes inflation to various economic factors, dismissing blame on packers.
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Congress has delegated this responsibility to the Executive branch of government, I think in part, knowing politics like I do, because they did not want to face the minutia of burden that comes down on that.
I talk to bankers consistently, and they say: I can't give those kinds of loans anymore because I am too tied down by too much heavy regulation.
But then my first question was, why in the world did we have any new regulations?
I like the phrase 'counterfeit economy.' They have a substantial counterfeit economy.