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EconomicsForeign Policy

Happy Independence Day!

Robert Jordan

July 4, 2021

Today is our nation’s Independence Day! The fireworks shows and other patriotic events are going to be awesome. There should be approximately 3.6 million Americans flying this holiday weekend.However, inflation has reared its ugly head, as people are spending up to 20% more for vegetables from earlier this year. Even beef, fish, and poultry have exploded in price while supply and demand has also caused prices to rise since Covid-19 restrictions have been relaxed. Prices will most probably stay high until next year when all the special bonuses for unemployment have stopped countrywide. The math is simple: People will not work if they get the same amount staying home.

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Robert Jordan

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