It is hard to recall a greater disconnect between economic reality and public policy in American history
With inflation at 7%, the highest rate since 1982, and the Federal Reserve set to tighten monetary policy...
Remarkably, bipartisan discussions abound to increase this year’s omnibus appropriations by 16%—almost a quarter of a trillion dollars—pass another round of Covid stimulus, and resurrect the $1.7 trillion Build Back Better bill.
It is hard to recall a greater disconnect between economic reality and public policy in American history.
WSJ 7 February 2022
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