AP Photo/Evan Vucci White House Chief of Staff Ron Klain recently endorsed the idea that inflation and supply-chain struggles Americans are struggling with are “high class problems.”
I’m in no position to comment on whether the inflation spike we’re experiencing is “transitory” or not (though, metaphysically speaking, isn’t everything!). Maybe it will be a short-term problem sparked by supply shocks and pent-up post-COVID demand, or maybe inflation will linger for years and become a self-fulfilling prophecy due to expectations. Whatever the case, a president who feels comfortable with taking credit for “creating” millions of jobs after state-compelled shutdowns is […]
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