California Focus: Inflation: The enemy is us ...Middle East

When it comes to the causes of the inflation that continues to plague California households, perhaps Walt Kelly’s old comic strip swamp possum Pogo said it best: “We have met the enemy, and he is us.” Kelly, of course, bowdlerized the line from War of 1812 U.S. Naval Commodore Oliver Hazard Perry’s report to a superior after defeating the British Navy in the Battle of Lake Erie: “We have met the enemy and they are ours.” Pogo’s variation on that has proven as telling over the decades since Kelly gave him the line describing people’s persistent tendency to cause problems for themselves. So it is today with inflation, among other issues. Yes, the Federal Reserve tells us inflation is not as se

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