Chicago Tribune
Gasoline? Up. Natural gas? Up. Wheat? Up. The spending power of your bank account? Down, down, down. The U.S. has been experiencing inflation at the highest level in more than 40 years, reaching a 7.9% annual rate in February, and Russia’s attack on Ukraine is making matters even worse. When the COVID-19 pandemic hit, the government poured money into the economy to pull it out of recession. As people hunkered down to avoid the virus, supply chains faltered and demand shifted from services to goods. Prices for all kinds of stuff shot up as a result. Now comes the Russian invasion, at an especia…