re: #23 The Pie Overlord!

Prices have soared globally thanks to covid and renewed demand thanks to a resurgent economy. US inflation is lower than OECD average because the US is doing better on inflation than most. That’s due to Democrats’ policies, which have been opposed by the GOP.

The Fed keeps hiking interest rates, not because the economy sucks, but because the economy is growing too fast. But those interest rates do nothing to reduce oil prices, which is controlled by OPEC and despotic regimes and oil companies that maximize their profits by keeping supply tight and refining capacity is constrained. Those oil companies refuse to expand capacity, because it’d eat in to record profits.