THE DANGER OF STAGFLATION
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THE DANGER OF STAGFLATION
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The economy is at risk. We were very interested in this discussion with Dr. Peter Navarro about how President Biden is driving the country towards stagflation with massive spending while supply chain is in tatters:
If it was just inflation affecting the United States, that would be “manageable,” but instead a “stagflation” problem like the one that hit the nation in the 1970s is occurring under President Joe Biden, former White House trade adviser Peter Navarro told Newsmax on Saturday.
Federal Reserve Chairman Jerome Powell is “printing money,” Navarro told “The Count.” “That’s driving us to what we call demand-pull inflation. But then at the same time, we have the pandemic, coupled with the effects of the Biden administration cracking down on fossil fuels, giving us what’s called cost-push inflation.” Read more at this link:
Are you concerned about the economy? Share in the comments.
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