Opinion | A Biden Plan for Prices? No Thanks

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From WSJopinion: We’re already stuck with supply-chain bottlenecks and too much cash, writes Michael C. Munger. A government price plan can only make things worse.

Journal Editorial Report: A divided party heads toward the midterms. Image: Drew Angerer/Getty ImagesAsked about his plan for a dangerous opponent, boxer Mike Tyson once said: “Everybody has a plan until they get punched in the mouth.

” President Biden has proposed variousPrices rise when goods become scarce or the money supply expands rapidly. Pandemic-induced holdups in the supply chain have caused scarcity; the Federal Reserve has increased the money supply more than 40% in the past two years alone. After spending months dismissing inflation as transitory, the administration is now taking it seriously.

Source: Financial Digest (financialdigest.net)

 

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opinion Can always trust the Wall Street Journal to look out for the average American. Lololololololololololololololololololoolol

opinion We need to tax millionaires to slow down spending, is that what you’re saying?

sanchezdelreal opinion 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Really good, but... although I don't think he even has a plan to go to the bathroom. I'd forget.

opinion Munger and George will must have sat up all night reminiscing about failed conservative policies that they perceive as economic canon.

opinion Never had any cash of substance or I’d still be making some.

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