Stabilizing Inflation Is Just a Tip of the Glacier of Capitalist Pressures

Laughingly, the Yankee capitalist state has announced that the inflation rate is 6.2 percent. In actuality, it is about three times that amount. Even the CPI report indicated we are seeing the fastest rise in 31 years. How much inflation is supply driven (global supply chains and domestic US supply problems)? How much is it the lack of demand? What about global financial commodities speculators driving up oil prices, metals, and grains? How much is it just  price gouging to make up for 2020 revenue losses by raising 2021 prices faster? How long will it go on? What are the implications for Fed rate increase policies?

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