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Inflation is like the Tooth Fairy, no really

Inflation is like the Tooth Fairy, no really By: Anthony Conte, Contributing Writer April 6, 2021 8:19 am Inflation is much like the tooth fairy, whether you believe in it or not it will eventually sneak up on you and steal something from you. The simile ends here, for sure. Inflation isn’t imaginary, nor does it really care about your teeth, nevertheless adults should care as much about inflation as children do about the tooth fairy. This is because the impact of inflationary pressures on an economy can be considerable and multi-faceted. Why Now? More than $5 trillion in COVID-relief packages have become law over the course of the trailing year, with approximately $1 trillion of that distributed as direct payments to Americans. Flooding any economy with new money raises the risk that prices will rise due to the increased demand for goods which are in limited supply.

Pension bailout hidden within COVID relief bill

In Pennsylvania, Biden showcases aid to small businesses

After opening his presidency by playing down expectations for combating the pandemic, President Joe Biden and his top messengers are touring the country to raise hopes over his $1.9 trillion relief package.

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