We Are Still Waiting for a Convincing Conservative Attack on Bidenomics ...Middle East

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By now you’re well familiar with the right-wing knock on Bidenomics, which is mostly that it created ruinous inflation. That’s pretty obviously wrong. Inflation has fallen by two-thirds over the past year, and French economist Olivier Blanchard, who had predicted the 2021 Covid stimulus would create inflation, coauthored a June paper with Ben Bernanke conceding that it did not. (The supply chain was to blame.) That same month, Republican National Committee Chair Ronna McDaniel attacked Bidenomics by saying, “Savings, real wages, and economic confidence are all down.” Wrong on all counts: Personal savings, real hourly wages, and economic confidence were all up.The failure of right-wing critiq

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We Are Still Waiting for a Convincing Conservative Attack on Bidenomics ...Middle East

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