Global economies are in free fall even as inflation runs unchecked. The Western world looks to the president of the United States for leadership; they look in vain. President Biden has not undertaken the two things that might help the economy here at home and others around the world regain their footing: stop the gusher of cash coming from the federal government and help U.S. oil and gas industries ramp up production to bring down energy prices. By determining to cut our deficits and drive energy production higher, Biden could immediately signal that he is serious about helping the Federal Reserve fight inflation and willing to buck climate-obsessed progressives in his party in the
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