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Since Covid-19, it seems that prices have increased across the board. First, the increase in prices was blamed on supply chain issues. "The Pandemic" may be over but prices haven't returned to their pre-Covid levels - in fact they may still be rising. There are claims that ports are experiencing labor shortages which are causing delays in shipping and receiving to this day. Ocean freight rates are said to have increased due to high demand around the globe. Cyber Attacks have also been linked to the current prices that we are paying for everyday items. Gas, groceries, and housing have skyrocketed, and wages haven't kept pace. Heart disease has killed more people than Covid-19 by a very wide margin. In 2022, 702,880 people died from heart disease in the United States.....
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A public health emergency was declared for Covid-19 on January 31, 2020, and a period of almost 5 years has passed since then. The CDC estimates 1,103,615 people died from Covid during that time. Though the numbers are staggering, in that same period, almost 3.5 million people would have died from heart disease. Yet, heart disease hasn't had a catastrophic effect on the economy, and it kills 1 in 5 people in the U.S. We are experiencing record inflation, and the Inflation Reduction Act of 2022 isn't about reducing inflation at all. It is a federal law which is geared towards lowering the deficit by $500 billion dollars (even though the deficit stands at $35 trillion), cheapening prescription drug prices, and investing in domestic energy production. Inflation is exactly that, a fall in the purchasing value of money.