US media: The poor policy of the White House caused historic inflation consequences and small companies to pay for it.

Data Map: US White House.

Overseas Network, July 19th. On the 18th, the website of the "Parliament" website published on the 18th article entitled "White House Poor Policies to Responsible for the current historic inflation", indicating that it was a series of bad policies since the US government took office. The current historic inflation makes ordinary Americans and small companies have to bear the painful consequences of high inflation.

Last week, the US Labor Statistics (BLS) announced that consumer prices have risen by 9.1%in the past year, a 41 -year high. The out of control prices have led to a significant decline in actual salary and living standards of ordinary people. Because the wholesale price has risen 11.3%in the past year, small companies with a small profit have no choice. They can only pass these high costs to consumers, which may accelerate the inflation cycle. The White House has diluted the importance of the latest data, saying that it is "outdated."

However, this painful inflation and its broader economic consequences are directly due to the poor policy of the White House. First of all, the White House promoted trillions of dollars in 2021, which led to too many US dollars in the market. Secondly, many plans for the US government, such as expanding unemployment insurance in 2021, encouraged Americans not to work, reducing labor supply and pushing up labor costs. Third, the government's implementation of the "end fossil fuel" policy has reduced the supply of natural gas and pushed its price. The most important thing is that the loose currency and modern currency theory policies supported by the US government have led to historic expansion of currency supply and depreciating the US dollar.

In fact, due to changes in the calculation method of the consumer price index, the current actual inflation may be higher than the level of Carter's administration. Economist John Williams estimates that if it is calculated in history, the current inflation rate is 17.3%. It is reported that the Fed will control inflation at this month's policy conference to control interest rates. However, interest rate hikes have lowered the value of assets that ordinary Americans rely on, and make the cost of opening or expanding small enterprises higher. However, the poor policy of the White House made the Federal Reserve without choice. Unfortunately, ordinary Americans and small companies can only pay for it.

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