Inflation and Government Spending
Breitbart economics editor John Carney claims overspending by the federal government under the Biden administration, not tariffs implemented by Trump, caused inflation. Carney argues that tariffs did not cause inflation during Trump's presidency and blames an over accommodative monetary policy and overspending for the current inflation.
Key Points
- Tariffs did not cause inflation during Trump's presidency
- Overspending by the federal government and over accommodative monetary policy are blamed for the current inflation
- Manufacturing shifted out of China due to tariffs, affecting China more than the U.S.
Pros
- Provides a different perspective on the causes of inflation
- Offers insights into the impact of government spending on inflation
Cons
- Opinionated content from a specific political perspective