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At the Tampa Bay Times, retired economics professor Murad Antia takes a calm and reasoned look at the slight rise in the rate of inflation that has many, to quote Bob Cesca, losing their spadonkle. Here’s a little bit.

As you can see in this chart, the inflation rate for those economies (Canada and Europe–ed.) was about 5 percent. So, I would estimate that about 2 percentage points of the inflation can be blamed on over-stimulation. Most of the rise is due to bottlenecks in the supply chain and also on some of Donald Trump’s and Biden’s policies.

He goes on the specify the policies referenced above and their effects in detail. Given the hysteria about some higher prices, it is well worth your attention.

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