Bidenomics: Spend More to Reduce Inflation!

The Biden White House is touting a NY Times opinion piece by economist Paul Krugman, who thinks inflation is under control. With today’s Americans for Limited Government Minute, I’m Catherine Mortensen. Krugman writes that the Bipartisan Infrastructure Deal will “alleviate the supply bottlenecks that have played a big role in recent inflation, while making workers more productive.” Right. So borrowing and printing money will REDUCE inflation. And that kind of sage advice wins you a Nobel Prize. The Biden White House is evidently unaware that no one has been more consistently wrong on inflation over the last forty years than Krugman. In nineteen eighty-three he wrote a famous memo to President Ronald Reagan called “The Inflation Time Bomb.” In that memo he argued that the low inflation rates in Reagan’s first two years in office were “merely temporary. In reality, inflation fell from eleven to three percent in two years under Reagan and continued to stay low - and so did oil prices - for pretty much the next two decades. For more check us out at the Daily Torch.com

Subscribe to our free newsletter: https://dailytorch.com/subscribe/

Americans for Limited Government: https://getliberty.org
Daily Torch: http://dailytorch.com
Facebook: https://facebook.com/AmericansForLimitedGovernment/
Twitter: https://twitter.com/LimitGovt and https://twitter.com/Daily_Torch
Parler: https://parler.com/profile/LimitGov
Gab: https://gab.com/LimitGovt
Gettr: https://gettr.com/user/limitgov
Rumble: https://rumble.com/c/AmericansforLimitedGovernment
YouTube: https://www.youtube.com/channel/UCtHQIheJUwH2dr0pG198z9Q
Instagram: https://www.instagram.com/americansforlimitedgovernment/