Commentary Inflation is running at its highest levels in 40 years. “Somebody do something” comes the cry from the voting masses! A panic-stricken Biden administration wants to do what politicians have always done—throw more money at it. Joe Biden believes his nearly $2 trillion Build Back Better social spending bill would do the trick. You know, just give people money to help pay higher prices that were caused by giving out money in the first place. Here’s how Biden explains it: “We’re helping working-class and middle-class people spend less money on the things they badly need,” Biden said. “So if you’re worried about rising costs, nothing will cut costs for American families more than the Build Back Better plan.” We’re saving U.S. citizens money on the things they badly need by having the government (technically U.S. citizens) buy it all for them. They’re obviously detached from reality. But what about …
A Cure Worse Than the Disease: The Fed’s Ugly Dilemma
January 25, 2022
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biden administrationBusiness & EconomyBusiness ColumnistsLael Brainardmonetary policyOpinionViewpoints
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