When President Joe Biden decided to light the purchasing power of the U.S. dollar on fire with his $2 trillion “American Rescue Plan,” economists whose warnings Biden refused to heed ranged from Greg Mankiw and Michael Strain on the Right to Olivier Blanchard and Larry Summers on the Left. But one economist Biden is now listening to? Cookie Monster.
“He pointed out his cookies are getting smaller, paying the same price,” the 81-year-old president said of the 58-year-old Muppet, who recently posted about the woes of shrinkflation. “I was stunned when I found out that’s what actually happened.”
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