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Thursday, July 28, 2022

Commentary: The Left Should Be Happy with Biden

The Left should be ecstatic that Joe Biden has given them everything they wanted.

The Left likes inflation. It reduces the value of old money by printing lots of new money. Those richer who have it, lose the value of their money; those poorer who don’t have any money, suddenly do.

When combined with low interest rates, inflation roars even louder. Not since Jimmy Carter has a Democrat been so insistent on inflating the money supply.