Government's contribution to inflation

 Washington Examiner Editorial:

Economist Mark J. Perry likes to refer to it as the "Chart of the Century." It is a simple tracker of the prices of various common goods and services that uses 2000 as its base year.

Most goods produced and paid for entirely within the private sector (electronics, clothing, and toys, for example) become significantly cheaper over time. Some basic necessities follow the inflation rate. But the prices of those things that government subsidizes most heavily, especially higher education and healthcare, have spiraled upward and out of control.

One interpretation of this chart is that it provides a reminder of what inflation really is. On an economywide basis, inflation occurs when too much money is pursuing too few goods and services. But this chart shows that inflation affects things individually in a more concentrated manner when some external force — bad government programs, mass hysteria, etc. — redirects too much money toward a specific segment of the economy where production does not keep up for one reason or another.

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There is more.

Colleges are ridiculously expensive now.  a lot of it is the hiring of people who are not in the classroom.   Administrative expenses are significantly higher.  Hospital services have seen an exploding of new facilities in cities like Houston and its suburbs.

See, also:

Inflation: The Price You Pay for Biden’s Delusions

Our president’s proclivity for self-deception is wreaking havoc on the economy.