MINOT, N.D. — Our nation’s decades-long campaign of economic interventionism, turned up to extraordinary levels during the COVID-19 pandemic, was not a free lunch.
There’s a bill coming due, and I’m not just talking about our exploding levels of national debt, which is up more than 41% from January 2017 when former President Donald Trump took office, according to U.S. Treasury figures, and will likely grow faster alongside President Joe Biden’s expansive and expensive policy agenda.
I’m talking about inflation.
You can feel it, can’t you?
The consumer price index jumped 2.6% last month compared to a year earlier, according to the Bureau of Labor Statistics, the largest increase in something like a decade.