Biden, Democrats and China are to blame for America's stagflation mess
Fox News
This COVID-driven and politician-made disaster is a situation eerily similar to a 1970s stagflation spawned by over-stimulative Keynesian policies and related demand-pull inflation along with cost-push inflation energy and food price shocks.
Amidst slowing economic growth, America’s working classes and small businesses are indeed under attack from a virulent inflation. Milk is up 4.5% annually, beef 13.9%, used car and truck prices have broken the 30% barrier while gas prices are up nearly 60%. While gross pay has increased by 4.8%, real wages are down by nearly 2%.
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