Recent media coverage celebrating "falling inflation" is taking a victory lap a little too early.

Yes, inflation is lower … somewhat. It certainly has come down from the stratospheric levels of nearly 10 percent a year, but at 5 percent a year, it's still unacceptably high. There's no grounds for our policymakers to declare victory … the job just is not done.

Rising demand for inflation hedges like gold, bitcoin, and inflation-protected bonds and foreign currencies show that investors know that the inflation crisis is not over yet, even if the ruling class which caused it and benefits from it is in denial. You don't need a Ph.D. in economics to know what's going on, you just need to go to the store and buy a dozen eggs. When pay doesn't keep up with the cost of living, that means you're losing ground, and government is the culprit.

Recent media coverage celebrating "falling inflation" is taking a victory lap a little too early.
Yes, inflation is lower … somewhat. It certainly has come down from the stratospheric levels of nearly 10 percent a year, but at 5 percent a year, it's still unacceptably high. There's no grounds for our policymakers to declare victory … the job just is not done.
Rising demand for inflation hedges like gold, bitcoin, and inflation-protected bonds and foreign currencies show that investors know that the inflation crisis is not over yet, even if the ruling class which caused it and benefits from it is in denial. You don't need a Ph.D. in economics to know what's going on, you just need to go to the store and buy a dozen eggs. When pay doesn't keep up with the cost of living, that means you're losing ground, and government is the culprit.

The Townhall Review is a one-stop-shop for relevant news and intelligent analysis from the leading talk show hosts in the nation: Hugh Hewitt, Dennis Prager, Mike Gallagher,Sebastian Gorka, and Charlie Kirk.

The Townhall Review is a one-stop-shop for relevant news and intelligent analysis from the leading talk show hosts in the nation: <a href="http://www.hughhewitt.com" data-slimstat="5">Hugh Hewitt</a>, <a href="http://dennisprager.com" data-slimstat="5">Dennis Prager</a>, <a href="https://www.mikeonline.com" data-slimstat="5">Mike Gallagher,</a>  <a href="https://sebgorka.com" data-slimstat="5">Sebastian Gorka</a>, and <a href="https://989theanswer.com/radioshow/8875" data-slimstat="5">Charlie Kirk</a>.

Townhall Review | Conservative Commentary On Today's News

Townhall Review is today’s top conservative weekend radio show. Townhall Review brings together political commentary and analysis from leading conservative talk-radio hosts. You’ll enjoy the fast-paced recap of the week’s political events Townhall Review provides. You can rely on the show to provide the “who said what” in U.S. politics, global news and breaking news. Townhall Review honors your conservative principles and enables you to participate in the conversation on issues shaping our nation.

Advertisement