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Undoubtedly, high fuel costs in their 3rd year (and 4th of 5) will drive up costs overall. But the Fed is promising to attack inflation aggressively. It’s no surprise, then, that wages are falling (against cost of living).

The reduced disposable income numbers has hurt sale of snack foods, candy, soft drinks. The Dow is about to dip below 10,000.

Perhaps the Fed needs to allow cash to rise to levels consistent with the real cost of fuel. By my calculation, that’s a 25 basis points cut and throwing in some cash to boot.

Author: William Hennessy

Co-founder of St. Louis Tea Party Coalition and Nationwide Chicago Tea Party Persuasive design expert Latest book: Turning On Trump: An Evolution (2016) Author of The Conservative Manifest (1993), Zen Conservatism (2009), Weaving the Roots (2011), and Fight to Evolve (2016) I believe every person deserves the dignity of meaningful work as the only path to human flourishing.