Commentary
This week marks the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest Consumer Price Index (CPI), released this week, shows prices grew 20 percent faster than wages over the last 12 months.
This sad anniversary is the result of President Biden and Congressional Democrats’ reckless spending that has diluted the value of the currency already in existence.
The two-year decline in living standards for ordinary Americans proves once and for all that Democrats are America’s anti-worker party. Their easy fiscal and monetary policy, known as Modern Monetary Theory, has been wholly discredited by this prolonged erosion of the dollar’s value and workers’ quality of life….