Waiting With Biden – WSJ

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Plausibility is not the only problem for the Biden administration’s preferred explanation for inflation, which it wishes to blame on greedy corporations and their anticompetitive practices.

Investigative findings by

Joe Biden’s

own agencies are already refuting it. See the conclusion of the Federal Maritime Commission that rising shipping rates are due to Covid disruptions, not to the nefarious designs of shipping companies.

The administration’s pet theory of inflation flies in the face of what every American knows about pandemic effects: supply chain snafus, worker shortages, etc. It flies in the face of warnings from former Obama administration colleagues that Mr. Biden’s own spending ambitions would cause inflation.

As a theory of inflation, it hilariously convicts Mr. Biden of being the worst president…

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