How The White House Fumbled The Inflation Football And Lost The Game
I & I Editorial Board
June 3, 2022
Wasn’t it not even a year ago we were told that inflation would, in fact, be a “good” thing? That it was “transitory”? Not a serious threat. Now we’re finding that the media, Wall Street economists, Fed officials, but most of all, the Biden administration, were all wrong. Does anyone pay a price for gross incompetence anymore?
Last year, headlines were filled with inflation cheerleaders. We searched the term “inflation is good” and got back 508 million hits.
What’s troubling about this expert consensus is that inflation, now at a 40-year-high, isn’t good for anyone.
It skews business and personal decisions, wrecks family budgets, makes millions of low-income families even poorer, destroys personal thrift and wealth, undermines faith in the economy, distorts financial markets, and discourages investment and innovation.
more
https://issuesinsights.com/2022/06/03/how-the-biden-administration-fumbled-the-inflation-football-and-lost-the-game/
