Inflation hits 7.5% -- 40-YEAR HIGH!

CPI numbers just released, and US inflation has soared to 7.5% in the past year, which is a 40-year high. Price increases covered the entire economy: Wages have risen at the fastest pace in at 20 years. Electricity skyrocketed 4.2% in January alone, up 10.7% over the year. Furniture and supplies saw the largest one-month increase on record since 1967. Food costs, air fares, all rose. Used-car prices: Up 41% from a year ago! This is what happens when you quadruple the money supply in a...