Biden Administration Spending: Inflation Threat

Biden Administration Spending: Inflation Threat

Milton Friedman in 2004. (Friedman Foundation for Educational Choice/Public Domain/via Wikimedia)

The specter of inflation haunts Joe Biden’s presidency.

Treasury Secretary Janet Yellen got into trouble Tuesday for telling the truth. That morning, at a conference sponsored by the Atlantic, she raised the possibility that one day the Federal Reserve may raise interest rates “to make sure our economy doesn’t overheat.”

Anyone with a basic understanding of economics knew what she was talking about….

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Biden Administration Spending: Inflation Threat

 

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