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Your wallet is at war. It’s losing to inflation.
Almost everything from gasoline to food to computers costs more, and there’s a good chance that a tax increase will top it off.
The reasons are clear: conflict, COVID, China and Congress.
Most of us feel far removed from major forces of change. We struggle to recover the lives we led just a few years ago. But the interconnected world reaches into the pockets of average people.
You can see it in most L.L. Bean catalogs. Everything, except some boots, is marked “imported.” Imports are cheap, thanks to lower cost labor and lax environmental rules elsewhere, compared with the company’s traditional Maine-made products. American consumers have liked it cheap and the heck with world politics. That…