Leftist economists and pundits tell us that the current federal binge is nothing to worry about. It’s necessary to “build back” the economy and those right-wingers who talk about inflation are just glomy “market fundamentalists” who can be ignored.
Wrong, argues Veronique de Rugy in this Law & Liberty essay from a recent symposium. There must be costs. The dollar’s value will decline and economic growth will be stifled as the federal government absorbs…
