By December 2021, consumer prices were up seven percent on an annual basis, the highest in 40 years, while producer prices were up 9.6 percent, the highest since that statistic has been compiled. And the expectation of further inflation is now deeply embedded in the economy.
Regardless of this, the Biden administration is still pushing hard for its “Build Back Better” plan, which would add at least another $5 trillion to the national debt over the next decade. And President Biden has airily said that “Milton Friedman is no longer in charge.”
But unfortunately for the Biden presidency—and for the U.S. economy and the American people—Milton Friedman was right. Create too much money and you get inflation. We are witnessing the proof of that right now.
Tengo otras cosas mas gratificantes que hacer, ayudar en una escuelita necesitada de profesores voluntarios, para tener a los censores de la Joven Cuba pegados a mi trasero.
Estimado Orlando, muy buenos días.
Gracias por toda la información que usted nos ha brindado, sin duda alguna creemos que usted podría aportar mucho a nuestro programa. Esperamos seguir en contacto y le esperamos para la visita programada.
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