Will Biden’s “Build Back Better” Plan Really Reduce Inflation?

Source: Foundation for Economic Education
by Brad Polumbo

“Inflation is hitting home for millions of Americans. In large part thanks to runaway money-printing, consumer prices have risen and are costing the average American family $175/month. This has become a large political concern for President Biden, with voters ranking inflation a top priority. In the president’s desperation to make the issue go away, he is now arguing that passing his multi-trillion-dollar spending agenda will actually reduce — not further fuel — inflation. … Free-market economists interviewed by FEE argued that Biden’s spending agenda won’t make much of a difference either way—because the root cause of current price inflation is not spending policy, but the Federal Reserve’s money-printing.” (11/10/21)