Hard to not find democrat media spinsters giving what I call the “ABB” explanation to inflation (Anything But Biden):
“The March 2021 Democratic bill included $1,400 payments to every American, $360 billion for state and local governments, and $242 billion in expanded unemployment benefits, among other things.
As lawmakers worked on the measure, some economists, including Larry Summers, a top official under President Barack Obama, warned that the bill would lead to inflation. Fiscal conservatives joined in the warning.
"The American Rescue Plan was far larger than the economy could support," said Marc Goldwein with the Committee for a Responsible Federal Budget, a group that promotes lower deficits.
In the months that followed,
inflation has taken off in the U.S. In March, prices were 8.5% higher than 12 months earlier. Even filtering out the cost of food and energy, which can rise and fall quickly, inflation still ran at a yearly rate of 6.4%.”
“No magic formula can reveal precisely how much the American Rescue Plan fueled inflation, but the general consensus is that it was a contributor. Some economists estimate that it added two percentage points to the rate, some say it added up to four percentage points. Put another way, out of the 8.5% rate in March, the measure accounted for something
between one quarter to one half of inflation”
“Michael Strain with the free-market-oriented American Enterprise Institute put the figure at about three points for 2021. Harvard economist and former Obama administration official Jason Furman said it
could be as high as four points in 2022”
https://www.wral.com/amp/20247768/
Anyway I’m off to work, a horrible wage slave to teh evil capitalism