Americans can’t blame Vladimir Putin alone for soaring gas and grocery prices, expert says

MarketsInsider/Zahra Tayeb/3-26-2022

Cartoon courtesy of MichaelPRamirez.com

“The biggest part of the problem of our inflation is our own policies, not just in the immediate term but over the last several years,” Will Ruger, president of the American Institute for Economic Research, a libertarian-leaning think tank, said in an interview with Insider.’

USAGOLD note: When politicians and bureaucrats attempt to transfer the blame for inflation to foreign governments, or domestic businesses and consumers, they do so, in our view, to avoid addressing the real source of the problem – running massive federal government deficits and financing them with the Fed’s money printing press.Tayeb says those who blame Russia for the current inflation have a “hugely incomplete picture of what’s really going on.” We agree.