Inflation was not high because of government spending, but because of a price spiral caused by monopolistic markets. The spending that the article criticises would actually help as long as the money ended up with workers, boosting wages.
This author is at least as wrong as the Harris campaign was.
Agreed. I would just add over a decade of loose monetary policy as another cause. It was a massive bailout for the rich at the expense of massive inflation for everyone else.
Inflation was not high because of government spending, but because of a price spiral caused by monopolistic markets. The spending that the article criticises would actually help as long as the money ended up with workers, boosting wages.
This author is at least as wrong as the Harris campaign was.
Agreed. I would just add over a decade of loose monetary policy as another cause. It was a massive bailout for the rich at the expense of massive inflation for everyone else.