China’s role in U.S. inflation won’t be transitory

BloombergOpinion/John Authers/12-1-2021

photgraph of rolled dollar and yuan on a newspaper background“U.S. consumers got used to inexpensive Chinese-made goods. They’re no longer cheap, but the buying hasn’t slowed. A few words from the Fed won’t bring the prices down.”

USAGOLD note: Prices are rising everywhere, and raw materials – including oil – are the culprit (along with central bank-sponsored monetary inflation). Cheap Chinese goods disguised the underlying inflation in the past. Now, as Authers explains, it is surfacing.

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