To the surprise of no one outside the White House, a recent ABC News/Washington Post poll showed that 74 percent of Americans believe the economy is in bad shape, up from 58 percent in the spring of 2021.
With 84 percent or respondents identifying the economy as a top issue in the upcoming midterm elections and 74 percent saying the same about inflation, why does the Biden administration seem more intent on exacerbating the problems than addressing them?
Let’s take a look at how Biden got us into the current economic crisis and what he could do to get us out of it. While there are many moving pieces in any economy, the root causes of inflation are relatively straightforward. In normal economic times, the markets balance supply and demand minimizing inflation.
