
Inflation and the Feds
The WealthAbility Show with Tom Wheelwright, CPA
What's Going on in the Consumer Price Index?
The fed, the money supply increased 25 % last year. That is an enormous increase m too. The broad measure of the money supply went up by five trillion dollars last year. So that money is now going all over the economy do its things,. so to speak, raising prices, raising wages. And the average consumer sees prices going up. Of course, historically they blame the president, but it's not his fault, unless he's spending crazy amounts of money.
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