2 Comments
User's avatar
Dustin Wilsor's avatar

in theory, i agree with you - idk if i trust the democrats to actually do it, though

Expand full comment
Erik Nordheim's avatar

Maybe you have a different source, but what I’m finding from SF Fed is the ARP contributed .3% to core inflation and not 3%. Source: https://www.frbsf.org/research-and-insights/publications/economic-letter/2021/10/is-american-rescue-plan-taking-us-back-to-1960s/#toc_Conclusion My understanding is high inflation was a problem across the rich world and Americans in general fared better than our peer countries. Especially our poorer people. Somewhat due to generous federal handouts to businesses, families and local governments.

Expand full comment