Inflation Stays in the Heights - WSJ Opinion

All of this exposes the fantasy that the Biden-Pelosi-Schumer policy mix of blowout spending and easy money is good for working Americans. Modern monetary theory combined with new entitlements were supposed to produce record growth and security. Instead they have produced the highest inflation in 40 years and a falling standard of living. We should add that Donald Trump’s excessive spending at the end of 2020 also didn’t help.