The Federal Reserve Is the Monetary Equivalent of the Kabul Airport PJ Media

Real income is falling and families are losing ground. Powell s performance recalls Groucho s line, Who are you going to believe me or your own eyes? Anyone who has tried to buy a pound of hamburger, rent a house, buy a used car or a household appliance, or any other item in the consumption basket knows that inflation is out of control.

Note to Republicans: Stay on message. It s the Biden inflation, and it s theft. He s taking food off the table of middle-class families to hand out bribes to his favorite constituencies.

Along with his administration s unspeakable incompetence and mendacity in Afghanistan, this sets up a Republican landslide for 2022.

via pjmedia.com

Nice chart.