There Is No Inflation Except For Things That Cost More

                                                           

The times they are a-changing. It was not so long ago that the Establishment Media was obsessed with the dangers inflation allegedly posed for American families.   View in browser   July 13, 2021   Today's Top Stories From the Breitbart News Desk The times they are a-changing. It was not so long ago that the Establishment Media was obsessed with the dangers inflation allegedly posed for American families. Reading through the headlines, you constantly encountered consumers who were getting squeezed, pinched, and hit by higher prices. Of course, prices weren't really rising, but Donald Trump was president and had put in place tariffs on goods from China, so the news organizations tried their best to stir up fear of inflation. No longer. We just got the hottest monthly inflation number since 2008, with the Consumer Price Index rising 0.9 percent in a single month. The four-month average of inflation is 0.7 percent, the highest four-month average since 2005. The National Federation of Independent Businesses reports that a higher net percentage of owners say they raised price in the last month than any time since 1981. The reaction from the White House and the fans of its occupants in the Establishment Media quickly flipped to explaining away the high prices. "Without cars and pandemic-affected services, core inflation rose 0.22 percent month-over-month, relative to 0.28 percent in May and 0.31 percent in April 4," the Biden administration's Council of Economic Advisers tweeted. You see? Nothing except the necessities like food, gasoline, cars, and houses are going up. In fact, when you look at it through the magic lens of Biden's economists, inflation is actually going down. We'll get another dose of such things tomorrow when the Producer Price Index is all but certain to show that inflation is alive and virulent. No doubt we'll hear that it's all just "reopening" and shortages and that the Extra Super Duper Core inflation shows everything is alright. Meanwhile, we learned today that CNBC has ruined its annual Top States for Business ranking by including in it a category called "Inclusion." That sounds nice, but what it means in practice is that states lose points in the ranking when they do not have left-wing approved voting rights laws or "public accommodation" laws that reach far beyond what federal civil rights statutes protect. CNBC actually admitted that North Carolina, the number two state, will never reach the top stop so long as it refuses to go along with the catechism of Woke Capitalism. And Texas gets dinged because it has, in CNBC's words, "relentlessly pursued policies that run counter to inclusiveness." – Alex Marlow & John Carney Breitbart News Network     TOP STORY   Woke Capitalism: CNBC Downgrades North Carolina and Texas For Lack of Leftist Inclusion and Voting Laws Virginia took top honors as the best state for business in CNBC's annual competitiveness rankings—but the accomplishment was tarnished by the adoption of leftwing "inclusion" and "voting rights" and other Woke Capitalism criteria. North Carolina would likely have scored the winning spot under the more traditional rankings that CNBC employed until the year before last. But this year it came in second because of the changes to the annual rankings. In past years, CNBC had a category called "Quality of LIfe" among the 10 it used to measure a state's ranking. This looked at crime rates, health care, and environmental quality. Last year, the contest was put on hold during the pandemic. [Click here for more]   IN OTHER STORIES... Small Business Inflation Metrics Hit Highest Since 1981 A record share of small businesses say they are raising prices, data released Tuesday showed. The National Federation of Independent Business said that the net percent of small businesses that have raised prices rose seven points to 47 percent, the highest seasonally adjusted inflation since 1981. Five percent reported lower average selling prices, unchanged from a month ago, on an unadjusted basis. Fifty-four percent reported higher average prices, up an unadjusted... [Click here for more]   Wall Street Investment Banks Shatter Expectations While American Workers Suffer with Biden Inflation The elite wall street investment banks smashed earning expectations on Tuesday, while the American worker struggles with rising consumer good prices due to President Joe Biden's inflation. JPMorgan Chase posted "second-quarter earnings of $11.9 billion, or $3.78 per share, which exceeded the $3.21 estimate of analysts surveyed by Refinitiv," CNBC reported. Goldman Sachs also "reported second-quarter earnings of $15.02 per share, topping analysts' expectation of $10.24 earnings per share," CNBC continued, "The bank posted its second-best ever... [Click here for more] FOLLOW

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