In this brief segment on fall harvest inflation, NBC notes consumer prices for food stuffs continue increasing regardless of the economic action by the Biden administration. The reason is very simple and is outlined within the segment by Jacob Goebbert, the Goebbert’s farm general manager. WATCH:
The current inflation is embedded in the cost of products, because it’s a supply side issue.
Financial “experts” can shout all day long about the fiscal policy (spending) being the origin of inflation (ie. demand side), they’re wrong. Our current inflation cycle, most notably evident within massive increases in food prices, is a supply side issue created by the increased energy costs. Full stop. It’s a Biden policy outcome.
