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...