Real Clear Energy: Regressive Energy Taxes Hit Poor and Lower-Income Families, Creates More Inflation
by Derrick Hollie
It’s hard to believe that the U.S. economy doesn’t have enough money, when the simplest definition of inflation – now at a 30-year high – is too much money chasing too few goods.
President Biden has convinced himself that the way to increase the number of goods is to inject even more money into the economy. But if we could spend our way out of our inflationary problem, we would not be in one to begin with.
According to budget expert Brian Riedl, over the past two years Washington has added $6 trillion in new deficit spending to combat … Read More >>