Biden has set the inflation time bomb

Although little noticed by the media, a research report by Wall Street economists predicts a significant burst of inflation fueled by the “epic proportion of monetary and fiscal stimulus.” It warns that global economies are “sitting on a time bomb.”

The report is a stark warning that President Joe Biden’s $3.5 trillion tax and spending plan could return our economy to the double-digit inflation of the 1970s. And surely, also, the economic disruption that followed.