U.S. policy creates inflation, opens door to even worse ideas: report


By Xia Lin

NEW YORK, May 17 (Xinhua) -- Inflation is running at the hottest rate in 40 years in the United States, nibbling away at savings, making a mockery of budgets, and fueling fears about people's ability to make ends meet, reported Reason on Monday.

"What's infuriating is that those rising prices are largely the result of foolish policy choices and that there's actually a constituency for doubling down on political interference in the economy to further crimp our liberty and prosperity," said the U.S. monthly magazine published by the Reason Foundation.

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