The good news is, federal policymakers know what spurred inflation to its historic gallop over the last year. The bad news is, it was them.
That’s why Congress and President Biden spent 2021 ignoring inflation or insisting it was merely "transitory." It’s not. The four-decade high 7% inflation rate Americans endured last year jumped to 7.9% in February and seems headed even higher. Contrary to Democrats’ misdirection, this inflation wasn’t caused by COVID-19, but by the federal government’s ham-handed responses to it. READ MORE