Our Economy Cannot Be Viewed Through Silos
When Americans see problems, they tend to look at them as if occurring in silos.
For example, we want to blame the rapid rise in inflation on increasing petroleum prices and not see the other factors involved. Republicans are quick to blame Biden’s policies for the increases. Biden is laying the fault on Putin’s war. The facts are that both are right but only to a limited extent. And petroleum prices are only one facet of current inflation.
The fiscal stimulus that the Democrats passed, although needed, also contributed to the…