President Biden alleges that climate change, Russian President Vladimir Putin and the Wuhan coronavirus (COVID-19) "pandemic" are all to blame for sky-high prices – not the private Federal Reserve's money-printing extravaganzas coupled with fractional-reserve banking and a corrupt Wall Street.
"We find a rich response of inflation in different price aggregates to fluctuations in a variety of weather conditions," the new study states. "The strongest and most consistent signal arises from fluctuations in average monthly temperatures."
"Although larger in food prices, these impacts also translate into considerable effects on headline inflation. We find limited evidence for impacts on other price sub-components asides from weak evidence in the electricity sector."
Over the next decade, Biden says food inflation could increase by as much as 3 percent annually due to the warming planet, especially during times of excess heat like in summertime. The warmer the planet gets, the more expensive things get, according to Biden.
Evidence of Biden's claims supposedly can be found in Europe where food inflation was particularly high during the hot, hot summer of 2022. Come 2035, food inflation will get even worse as temperatures increase even more.
(Related: Last Christmas, Biden declared that inflation is "over" and that all companies need to immediately lower their prices to reflect it.)
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Climate change, the catch-all excuse for everything
Economists, meanwhile, are trying to figure out if Biden and the new study's authors are serious or if this is just an April Fool's joke.
"Inflation is a monetary issue," says Ryan Young, a senior economist for the Competitive Enterprise Institute. "The earth's average temperature does not affect the amount of currency in circulation."
"Climate change policies, rather than climate change itself, do tend to increase inflation. They do this by increasing deficit spending, which central banks are more or less obligated to finance ... Typical climate change policies have an additional, smaller effect on inflation by reducing productivity. Green products are often less durable and less efficient, and they take up investment dollars that could have gone to other uses."
Truth be told, there is now $5 trillion more in circulation in the United States compared to January 2020 just prior to the COVID "pandemic." This, it turns out, is one of the major factors driving inflation today.
Many believe that the COVID "pandemic" was launched precisely because the U.S. economy was on the precipice due to decades of money-printing and Wall Street corruption. The powers that be unleashed the COVID "pandemic" to create a smokescreen for their collapsing financial empire, which continues to be upheld today by smoke and mirrors.
Until the money changers are removed from controlling the U.S. money supply, and until real money returns to replace the fake Monopoly-style "money" in circulation today, inflation and other consequences of central banking financial terrorism will continue.
Since Biden took office, the consumer price index (CPI) has increased by 18.5 percent. In response, the Biden regime has announced "the most ambitious climate agenda in history" to supposedly put a stop to it.
It turns out that said climate agenda is only making matters worse as it pumps even more cash into "green" initiatives that are unsustainable and highly disruptive to the economy.
"It is the solutions to climate change that drive up prices," says Diana Furchtgott-Roth, director of the Heritage Foundation's Center for Energy, Climate and Environment.
"Intermittent electricity, with wind and solar powering on and off with the wind blowing and the sun shining, and then backed up with gas that kicks in when wind and sun stop generating energy, is more expensive than continuous energy. That's why electricity bills are rising."
The latest news about climate lunacy can be found at Climate.news.
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