Curing Inflation Isn’t Hard

President Joe Biden (C) smiles after signing H.R. 5376, the Inflation Reduction Act of 2022, in the State Dining Room of the White House in Washington on Aug. 16, 2022. Mandel Ngan/AFP via Getty Images

Commentary

Last week, the American public received a bit of a shock if they weren’t paying attention. The consumer price index (CPI) clocked in at 3.1 percent. Sure, technically, the inflation rate is down from the high, but it’s still very high.