[This piece has been published in Restoring America to highlight how the Biden administration’s policies have contributed to a growing economic crisis.]

If you were to listen to left-leaning EconTwitter and take it really seriously back in early 2021 (which apparently many journalists and even policymakers did) you might think that only hyperpartisan right-wing cranks thought there were significant economic risks to the $1.9 trillion American Rescue Plan. That, even though Congress had passed a $900 billion COVID-19 relief bill just a few months earlier.