Photo Illustration by Luis G. Rendon/The Daily Beast/GettyTalk about chutzpah. Interest rates are soaring and a recession is looming.And amidst this chaos, Joe Biden is claiming there is “zero evidence” that the American Rescue Plan (a COVID-19 relief bill) caused inflation. (Cough) Bullshit (cough).“You could argue whether it had on the margin a minor impact on inflation,” Biden told Associated Press this week. “I don’t think it did. And most economists do not. But the idea that it caused inflation is bizarre.”Read more at The Daily Beast.
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