Northeast Ohio economist says inflation has reached 40-year high ⬆💲
Inflation jumped to 8.6% in May, the highest since 1981, and it’s not slowing down according to Professor Burke, “Indeed it was worse 40 years ago. 1981, 1982, and 1983, when Ronald Reagan was President inflation jumped up to 15 or 16%. This time it’s only 7 or 8% which is bad.”
There’s now also real concern about food shortages and Professor Burke says that’s already happening, “I think there is already a food shortage. It’s already happening, and I think it’s going to get worse.”
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