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The Inflation Monster Stirs
By Jeff Harris
By now you’ve probably heard that if you’re receiving Social Security benefits you’ll be getting a raise in 2022. According to Wolf Richter’s Wolf Street report published December 6th, 2021 the Cost of Living Adjustment (COLA) for Social Security beneficiaries will rise 5.9% for 2022. That’s the highest increase since 1982! You’re going to be getting more money so that’s a good thing, right?
The latest spin by main stream media outlets is that inflation is a GOOD thing because it sh...
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