Beltway Confidential

The recipe for Bidenflation: Semi-Modern Monetary Theory

By Timothy P. Carney
Published August 31, 2022 4:23pm ET
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The recipe for Bidenflation: Semi-Modern Monetary Theory
One dollar note sheets sit in a stack before receiving a serial number and the U.S. Treasury and U.S. Federal Reserve seals in Washington, D.C., U.S. The value of the dollar is rising as the Fed raises interest rates to combat the country's painful inflation. | (Bloomberg Creative Photos/Bloomberg)

Constantly over the past decade, progressive economists and econo-bloggers have called on Democrats to spend boldly, run trillion-dollar deficits, and not worry about balanced budgets.

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Government Spending Inflation Joe Biden