Inflation Is Killing the Working Class

Inflation Is Killing the Working Class
The Federal Reserve building is set against a blue sky in Washington on May 1, 2020. Kevin Lamarque/Reuters
Antonio Graceffo
Updated:
Commentary
Inflation “is destroying working folks’ pocketbooks and devaluing the wages they earn and the root cause ... is way too much government spending, too many social programs ... and vastly too much money creation by the Federal Reserve,“ Larry Kudlow, former director of the U.S. National Economic Council, said on Feb. 14.
Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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