President Joe Biden’s disapproval rating has risen to nearly 60% in the latest polls, with most voters of that group reporting they do not like a single, solitary thing he has done since taking office. (And I thought my comment section was bad.) Apart from his handling of the coronavirus, the major reason for this widespread displeasure involves inflation and the sagging economy. A CNN poll from earlier this month found only 18% of respondents report having “a lot of confidence” in the president’s ability to handle the economy, while his overall approval rating on economic matters sits at a lowly 37%.

Myriad liberal monetary policy remedies have been floated from the administration and broader political Left. Despite acknowledging that “we need to get inflation under control,” Biden claimed recently that the way out is continued deficit spending in the form of passing his doomed “Build Back Better” boondoggle. Others on the Left have argued that the way to right the economy is through the implementation of price controls on pharmaceuticals and other products or through adherence to the Candy Land economic philosophy of Modern Monetary Theory, the limitless printing of money.