By BERRY CRAIG
With the congressional elections almost here, it seems like most of the media has elevated inflation to the number one issue in news coverage.
Turn on your TV. Open your newspaper. Stories abound about how John and Jane Q Citizen are having to dig deeper in their wallets at the gas pump, in the grocery store, and everywhere else.
Inflation is big news. But most stories downplay what’s causing inflation (inflation and gas prices are both actually ticking down, if slowly). They include lingering effects of the global COVID pandemic, supply chain problems, Russia's invasion of Ukraine, and OPEC cutbacks in oil drilling.