This past week during a conference discussing Biden’s “Build Back Better” scheme House Speaker Nancy Pelosi was confronted with questions on skyrocketing inflation. After referring to higher gas prices as the “Putin Tax”, she went on to offer perhaps the dumbest (or most insidious) denial on the causes of inflation that I have ever heard. She stated: “When we’re having this discussion, it’s important to dispel some of those who say, well it’s the government spending. No, it isn’t. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.” Anyone with a basic understanding …
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