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A former Obama economic advisor says inflation warnings about the new stimulus bill are ‘absurd’ — here’s why

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Every time an elected leader proposes a progressive policy that will cost money — expanding health care, for instance, or the wildly popular American Rescue Plan that the Biden White House is championing to combat the economic damage caused by the coronavirus pandemic — the inflation hawks loudly warn that another Great Inflation is on the way. 

To anyone below the age of 50, “inflation” sounds like a kind of boogeyman, a campfire ghost story used to warn against government spending. 

I’ve never personally encountered hyperinflation in my life — I was born in 1976 — but details ⇒

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