Just as Friedman foretold, all that money flooding into the economy caused inflation, said E.J. Antoni, an economic researcher at the conservative Heritage Foundation.
Economist Milton Friedman's long-ago lesson on inflation coming back to bite Joe Biden
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“Under President Biden’s administration, the American people have become demonstrably poorer,” said E.J. Antoni, an economic analyst at the conservative Heritage Foundation.
Inflation felt strongest by consumers at grocery stores and gas pumps
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