November 8, 2021

THE GREAT RESET — TO 1974: A New Era of Stagflation?

Related (From Ed): MSNBC says that’s good!

Our sister site Twitchy believes this tweet was MSNBC’s attempt at “an inflation hot take that’s BEGGING for a coveted Ron Klain retweet,” but after getting dunked on hard, they’ve since deleted it.

However, the underlying article is still online, and carries an even goofier headline: How Covid became the unlikely hero of our inflation crisis.

But even MSNBC can’t completely sugarcoat the damage:

The increase in food and gas prices that we’ve seen over the past eight months is real and meaningful. Inflation hawks have been telling scary stories about impending inflation ever since the Federal Reserve slashed interest rates to near-zero during the financial crisis of 2008-09. For once, they’re not making things up. Inflation is now running at a little more than 5 percent, driven largely by energy prices and food prices (which in September were up roughly 4.6 percent year-over-year). And the price of some food items, most notably beef, have risen even more sharply than that.

Curiously though, typing CTL-F “Biden” brings back zero results — unexpectedly:

● ‘Smacks of Hypocrisy:’ Alberta officials slam White House for demanding more OPEC oil after cancelling Keystone XL.

● Jared Bernstein, member of Biden’s Council of Economic Advisors: “One thing we learned in the 1990s was that a surefire way to reconnect the fortunes of working people at all skill levels, immigrant and native-born alike, to the growing economy is to let the job market tighten up. A tight job market pressures employers to boost wage offers to get and keep the workers they need. One equally surefire way to sort-circuit this useful dynamic is to turn on the immigrant spigot every time some group’s wages go up.”

Biden Appoints US Maritime Administrator With Zero Shipping Experience During Worst Shipping Crisis In Decades.

Jen Psaki Defends Rising Prices: ‘Good Thing’ Because it Means ‘More People are Buying Goods.’

Biden looking at shutting down another pipeline as winter approaches.

● “Energy Secretary Jennifer Granholm laughs when asked about Biden’s plans to bring gas prices down. ‘Ha ha ha. That is hilarious!’”

Milton Friedman’s Revenge.

Oh and speaking of Ron Klain:

The Mark of Klain. “[A]ll in all, things have worked out pretty darn well for Ron Klain. For America? Not so much.”

Finally, note that MSNBC’s article and tweet happened in accordance with the prophecy:

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.