{"id":1801762,"date":"2023-01-11T07:04:08","date_gmt":"2023-01-11T12:04:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1801762"},"modified":"2023-01-11T07:05:04","modified_gmt":"2023-01-11T12:05:04","slug":"7-reasons-high-inflation-isnt-likely-to-go-away-any-time-soon","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/7-reasons-high-inflation-isnt-likely-to-go-away-any-time-soon\/","title":{"rendered":"7 Reasons High Inflation Isn\u2019t Likely To Go Away Any Time Soon"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F7-reasons-high-inflation-isnt-likely-to-go-away-any-time-soon%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1801762&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>In 2023, there will be a recession <a href=\"https:\/\/www.theepochtimes.com\/mkt_app\/2023-spells-big-trouble-for-us-economy-majority-of-big-banks-warn-reports_4957090.html?src_src=Morningbrief&#038;src_cmp=mb-2023-01-03&#038;est=AfGthhV6c5zYJ0QbFU1kJfcxwtkgbmj7mfa%2FBvY8rHpWPZnEn81FJYI0kIm9DxK4Pw%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\">Concluded<\/a> More than two-thirds (23%) of economists working at large financial institutions have recently been employed. <a href=\"https:\/\/www.wsj.com\/articles\/big-banks-predict-recession-fed-pivot-in-2023-11672618563?mod=hp_lead_pos7\" target=\"_blank\" rel=\"noreferrer noopener\">Surveyed <\/a>The Wall Street Journal. It is likely that inflation will remain high. Measuring year-over-year inflation by the U.S. government\u2019s 1980s methodology <a href=\"https:\/\/www.theepochtimes.com\/mkt_app\/2023-spells-big-trouble-for-us-economy-majority-of-big-banks-warn-reports_4957090.html?src_src=Morningbrief&#038;src_cmp=mb-2023-01-03&#038;est=AfGthhV6c5zYJ0QbFU1kJfcxwtkgbmj7mfa%2FBvY8rHpWPZnEn81FJYI0kIm9DxK4Pw%3D%3D\" target=\"_blank\" rel=\"noreferrer noopener\">It is best to put it<\/a> at 15.23 percent in November 2022 instead of the government\u2019s claimed 7.11 percent, <a href=\"http:\/\/www.shadowstats.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">According <\/a>John Williams, an economist.<\/p>\n<p>Many commentators, including me, were wrong when we previously claimed our grandkids will be paying off America\u2019s massively unaffordable welfare state. It is happening now, and we will all be paying it for the rest of our lives.<\/p>\n<p>Nobel Prize-winning economist Milton Friedman\u2019s maxim that \u201cinflation is always and everywhere a monetary phenomenon\u201d \u2014 meaning, inflation is always caused by government overspending \u2014 predicts continued inflation for at least the next five years, if not longer.<\/p>\n<p>That\u2019s because government entities are continuing to engage in seriously inflationary actions. They\u2019re doing this partly because of ideology, partly to buy votes, and partly because they prefer eating away Americans\u2019 savings to paying off the unprecedented government debt that politicians have accumulated in the last 70 years enriching their friends and buying off voters.<\/p>\n<p> Inflation means Politicians Stealing From You <\/p>\n<p>An 2021 Politico profile about a former member of the U.S. Federal Reserve <a href=\"https:\/\/www.yahoo.com\/now\/fed-doomsday-prophet-dire-warning-093057717.html\" target=\"_blank\" rel=\"noreferrer noopener\">Not noted<\/a>, \u201cBetween 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it\u2019s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries\u2019 worth of growth in the money supply was crammed into a few short years.\u201d<\/p>\n<p>Thomas Hoenig is a former member of the Federal Reserve Committee who was dissident. \u201cwas worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else,\u201d This is what the profile says. \u201cHe also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system.\u201d<\/p>\n<p>The Federal Reserve has been helping Congress to make money by promising Americans more than they can afford. That\u2019s been ongoing since the 1960s Great Society, which basically paid Americans with unaffordable entitlements to shut up about the steady loss of their constitutional freedoms, <a href=\"https:\/\/www.amazon.com\/Age-Entitlement-America-Since-Sixties\/dp\/1501106910\" target=\"_blank\" rel=\"noreferrer noopener\">According <\/a>Christopher Caldwell is a scholar.<\/p>\n<p> The Borrowing Will Go On Until It Can\u2019t <\/p>\n<p>In 2021 <em>41 percent of federal spending<\/em> <a href=\"https:\/\/www.usgovernmentspending.com\/federal_deficit_percent_spending\" target=\"_blank\" rel=\"noreferrer noopener\">Depended<\/a>Lending. In 2022, 22 percent did. This means raising the cost of debt by hiking interest rates, as the Fed is now doing, could provoke a crisis because it would make Congress\u2019s unsustainable behavior even more painful. <\/p>\n<p>Brian Riedl, economist at the Manhattan Institute, analyzes the data. <a href=\"https:\/\/www.manhattan-institute.org\/riedl-higher-interests-push-washington-toward-federal-debt-crisis\" target=\"_blank\" rel=\"noreferrer noopener\">Notes<\/a>, \u201crising interest rates risk pushing government interest costs, annual budget deficits, and total government debt to unsustainable levels \u2026 once the debt surges, even modest interest-rate movements can impose stratospheric costs.\u201d<\/p>\n<p>This would require years of government deceit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The people who have created American misery are the same people in charge of solving it. That&#8217;s going to go well.<\/p>\n","protected":false},"author":519,"featured_media":1801765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[6919,5708,5778,10476,5073],"class_list":["post-1801762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-federalist","tag-inflation","tag-isnt","tag-reasons","tag-time"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1801762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/519"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1801762"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1801762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1801765"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1801762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1801762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1801762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}