February 12, 2022
Decoding the disastrous Bidenflation
By Rajan Laad
Joe Biden has once again led the US into unchartered catastrophes due to his ignorance about the fundamentals of economics.
On Thursday, the Bureau of Labor Statistics reported that inflation in the US climbed to its highest level in 40 years in January, causing prices to rise by 7.5% from a year ago.
When Biden took up residence in the White House in January 2021, President Trump gifted him an inflation rate of just 1.6%. This was when Covid-19 restrictions were still imposed, causing businesses to either be closed or operate with restrictions. The current numbers are more troubling considering restrictions across the US have been eased.
To sum it up, in just one year, Biden managed to increase the overall rate of price increase by almost five times. But beyond the figures and statistics what really matters is the causes, impact and potential solutions.
We first look at the potential causes.
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https://www.americanthinker.com/blog/2022/02/decoding_the_disastrous_bidenflation.html
