Welcome to the Biden Stagflation

Biden’s fiscal policy coupled with the shockingly irresponsible Federal Reserve monetary policy have caused the economic problems with have today.

The Bureau of Economic Analysis just released its estimate for GDP growth in the first quarter of 2022. Real GDP declined at an annual rate of 1.4%. Since inflation is running at an 8.5% annual rate, the US has entered a period of stagflation. This is a condition…