The coming credit crunch for consumers and Uncle Sam alike

Published February 6, 2023 7:45pm ET



Over the weekend, Quin Hillyer succinctly dismantled President Joe Biden’s myth that the post-pandemic recovery is worth bragging about. Indeed, as Hillyer outlined, job recovery has remained anemic in comparison to similar supply shocks, and whatever gains were fueled by debt spending have been largely erased by the cost of inflation.

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