It’s a Global Economy, in Case You Haven’t Noticed 0
Republicans, abetted by a complicit news media that values furor over fact, want to blame President Biden for the current hike in prices in the United States. (Of course, Republicans want to blame everything on President Biden, because blame and fear are their only weapons.)
University of Nebraska Omaha Professor Christopher Decker points out that this recent inflation is a world-wide phenomenon influenced by events well beyond the control of any one person, regardless of what office he or she might hold. Here’s a bit of his article; I commend the rest of it to your attention.
It might seem like U.S. policies brought on this predicament, but economists like me doubt it because inflation is spiking everywhere, with few exceptions. Rates averaged 9.65% in the 38 largely wealthy countries that belong to the Organization for Economic Cooperation and Development through May 2022.
