Written by Chris Arps, Co-host of The Tim Jones and Chris Arps Show
While the economy continues to recover from the COVID-19 pandemic, recent inflation has brought on an entirely new set of worries for businesses and families throughout the nation. Rising prices have placed immense stress on Americans and lawmakers at every level of government have been struggling to find ways to get it under control.
One approach, outlined by the Biden administration, is to inject significant investments into social programs, which they claim will free up workers and businesses to be more efficient, ultimately easing inflation. While that argument’s long-term merits will be debated well into the next election cycle, the reality that Americans continue to face is steadily rising prices as lawmakers debate the details and timing of these legislative packages. If the goal is to ease the pain consumers and businesses are feeling right now, the Biden administration will need to look for alternative solutions.
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