The ballooning problem of inflation

This week, Eric Kohn, Sam Gregg, and Stephen Barrows discuss the latest spike in inflation, hitting 7.9% over last year. That’s the worst it’s been since 1982. What action will the Federal Reserve take? Has the Federal Reserve simply failed? If so, what’s the lesson we should learn? Then the guys discuss the sanctions regime that’s been put on Russia. Are sanctions effective? Are they moral? Are they working? And finally, would you fight for your country if it was invaded? In a new poll, an alarming number of Americans say no. What should be the takeaway from that?

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US inflation soared 7.9% in past year, a fresh 40-year high | Associated Press

Average US gas price rises 22% in two weeks to record $4.43 | Associated Press

What sanctions are being imposed on Russia over Ukraine invasion? | BBC

The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival | Charles Goodhart and Manoj Pradhan

Yes, If America Is Ever Invaded, You Must Take Up Arms and Fight | National Review

Vast Majority of Americans Say Ban Russian Oil, Quinnipiac University National Poll Finds; Nearly 8 in 10 Support U.S. Military Response if Putin Attacks a NATO Country | Quinnipiac University