Perhaps the most idiotic thing to ever come out of the Biden administration – and there has been plenty to chose from – was the repeated lie that (trillions in) stimulus does not cause runaway inflation, but rather lowers it. And while Biden’s handlers were generous enough to bribe supposedly smart people to repeat said lie to give it credibility, like for example the chief economist at JPMorgan who last March said that the $1.9 trillion Biden stimulus won’t spark runaway inflation… Why JPMorgan’s Chief Economist Thinks The $1.9TN Biden Stimulus Won’t Spark Runaway Inflation https://t.co/v2MtuE9DUS — zerohedge (@zerohedge) […]
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