Morning Wire
Trump vs. Inflation: Can He Fix the US Economy? | 12.14.24
E.J. Antoni
Initially, we didn't get to 9% inflation right away at the start of the Biden administration. We got there about a year and a half into his term. And the reason for that was that it takes time for all this government spending to slosh its way through the financial system. But eventually it does work its way through and it ends up creating higher prices for consumers.
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