It’s Not Just Spending — Biden’s Record Regulations Are Driving Inflation Too
The highest inflation in 40 years isn’t driven just by record federal spending, a record government-driven labor shortage and record restrictions on US energy production. President Joe Biden’s record regulation spree is also pushing prices higher. Stopping the bureaucratic assault on the economy is essential to taming inflation and giving families relief.
The role of regulations in the inflation crisis is largely overlooked but shouldn’t be. When Washington wraps the economy in red tape, businesses must spend massive sums on compliance.