Karl Rove explains the causes of historic inflation under the Biden administration

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Rove explains the causes of historic inflation under the Biden administration

Ordinary Americans go to the grocery store, maybe a couple of times a week. They go to the gas station every week or two. … There are things that they do virtually every day that bring them into contact … with a real awareness that prices are rising and prices are rising faster than most of them are seeing their paychecks increase.

[O]rdinary Americans understand … the principal driver of inflation is loose monetary policy from the Federal Reserve and more spending by the government creating more debt, devaluing the currency. Think about this. [Sen. Elizabeth Warren] said, …"In order to have a big Democratic victory this fall, let's take the Build Back Better plan and bring it back and pass it through Congress.

 

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