Barbara Kolm, founder and director of the Austrian Economics Center, a think tank, told The Epoch Times’ “Crossroads” that the Biden administration’s massive spending plans are bound to drive inflation higher. Asked whether she believes some economists are right to be concerned that the government’s spending plans, which now amount to some $4.5 trillion, will push prices higher, she replied that, “this will, of course, cause inflation.” Kolm expressed concern that whatever portion of the spending involves taking on more public debt would, in particular, be a burden on future generations. “It’s not your generation, but it might be the generation of your kids and your grandchildren, who will still have to pay that back,” she added. “This is a danger.” Further commenting on the Biden administration’s spending plans, Kolm said their impact “is definitely raising the debt levels to an enormous amount.” Kolm’s remarks come as senators on Sunday unveiled …