This is the direct relationship between government spending and rising prices. Joe Biden put $7 trillion into the economy. Useless fiat currency that depreciated the dollar.
Some economists will argue there are many factors and it really doesn’t. However, Biden put a massive amount and did so rapidly. Then prices rose because people were spending, and the demand couldn’t be met. Thus, inflation means the dollar buys much less.
It’s unfortunate that politicians don’t act accordingly.
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— Ann Coulter (@AnnCoulter) July 7, 2026