Speaking of Inflation

Policy

The New York Times has a skeptical report on Biden’s claims that BBB is, all of a sudden, an anti-inflation measure:

Rocketing inflation has become a headache for U.S. consumers, and President Biden has a go-to prescription. He says a key way to help relieve increasing prices is to pass a $1.85 trillion collection of spending programs and tax cuts that is currently languishing in the Senate.

A wide range of economists agree with the president — but only in part. They generally accept his argument that in the long run, the bill and his infrastructure plan could make businesses and their workers more productive, which would help to ease inflation as more goods and services are produced across the economy.

But many researchers, including a forecasting firm that Mr. Biden often cites to support the economic benefits of his proposals, say the bill is structured in a way that could add to inflation next year, before prices have had time to cool off.

Articles You May Like

CEO warns left-wing college students they’re ‘breathing the vapors of a dangerous new, fake, and self-destructive religion’
Is Speaker Mike Johnson REALLY a conservative?
Families of Boeing crash victims speak out, demand consequences for the company’s errors
Nikki Haley — who isn’t even running anymore — won a sizable percentage of the Pennsylvania GOP presidential primary vote
US approves $95bn aid package for Ukraine and Israel

Leave a Reply

Your email address will not be published. Required fields are marked *