Get the latest headlines, market analysis, and original content from SchiffGold.
Falling energy prices were a significant factor in the big decline in the Consumer Price Index (CPI) earlier this year. Bad news: energy prices are now heading up. That means the CPI relief was almost certainly transitory.
These people never learn. Or they just don’t care. The Biden administration is reportedly still considering sending out gas rebate cards to help Americans cope with rising gasoline prices. But this kind of government handout is one of the primary reasons we’re suffering through this inflation firestorm to begin with.
As Peter Schiff put it in a recent podcast, government solutions make every problem worse. The solutions being floated to help Americans deal with high gas prices are no exception.
