According to the Bureau of Labor Statistics, and as confirmed by Americans for Tax Reform, since January 2021:
~Gasoline prices have increased by 45% and other energy prices by 24.5%
~The price of bacon has increased by 8.4% and seafood prices by more than 6%
~The price of fresh milk has increased by 7.5% and fresh fruits by 8.4%
~Prices for major appliances are up 14% and furniture and bedding have increased 8.5%
~Airfares have increased by nearly 25%
The root of inflation is too much money chasing too few goods, as our economist friend Milton Friedman frequently observed. The New York Times warns that inflation also results in long-lasting damage if wages don’t keep up.
“Let me repeat: no one can claim to be a devout Catholic and condone the killing of innocent human life, let alone have the government pay for it. The right to life is a fundamental—the most fundamental—human right, and Catholics do not oppose fundamental human rights,” San Francisco Archbishop Salvatore Cordileone said in a statement.