"History is largely a history of inflation," Nobel-winning economist Friedrich Von Hayek wrote in 1960, "usually inflations engineered by governments for the gain of governments.” Today, these words are truer than ever. During the almost four years we’ve lived with “Bidenomics,” consumers have seen the cost of ordinary purchases increase by more than 15 percent due to inflation. That’s an additional expense of $9,000 per year for the average household. Reflecting on the past can often be illuminating. During the four years of the Trump administration, the Consumer Price Index saw a meager 1 percent increase. Critics may argue that the deflationary impact of COVID skews this figur
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