Mises Wire
Author:
Peter Schiff
Online Publish Date:
The “transitory” inflation swamping the country has stubbornly persisted into July. Producer prices posted a second straight 1 percent month-over-month increase , which brought the full-year number to a record 7.8 percent. Twelve-month US export prices rose 17.2 percent, and nearly 22 percent if the rate of the first seven months of 2021 were