Prosit! REAL Inflation Rate Under Biden Peaked At 18% In 2022 (Highest Inflation Rate In 50 Years)

Sharing is Caring!

by confoundedinterest17

Despite Biden’s rambling that inflation is improving, bear in mind that the inflation rate is at it highest in 50 years. Yes, it has improved from 18% in 2022 to above 10% today.

See also  How Powell Destroyed His Inflation War as he Eats the Poor

A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary under Barack Obama and former Harvard President, discovered that the real inflation rate during the Biden years, using pre-1983 calculations reached 18% in 2022.

The number is the highest inflation rate the country has seen in over 50 years.

See also  'Stocks are at the highs, vol is at the lows. I'm on the record short small caps. I'm not going anywhere. I think hedging makes sense here.'

Here is the source paper by Summers et al from the NBER.

Prosit!

Views: 125

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.