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In America’s No. 1 Inflation Hotspot, Democrats Face Restive Voters - WSJ

Economists attribute the surge in inflation to several factors: disruptions to supply chains and shifts in consumption patterns caused by the pandemic, soaring oil prices driven in part by Russia’s invasion of Ukraine, a decline in the labor force due to early retirements, concerns about Covid and other factors, and strong demand fueled by repeated rounds of fiscal stimulus and the ultralow interest rates maintained by the Federal Reserve.

I’m always irritated when the technocrats bury the most likely explanations at the bottom of a heaping pile of excuses.

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