Joe Biden has a new explanation for inflation

 American Thinker

Joe Biden has a new explanation for inflation:

You want to bring down inflation?

Let’s make sure the wealthiest corporations pay their fair share.

— Joe Biden (@JoeBiden) May 13, 2022

He was massively ratioed on Twitter for being an ignoramus. It was so bad even Jeff Bezos weighed in and it wasn't pretty:   ........

Well, now it's companies not being taxed enough, or companies taking advantage of tax loopholes, which have been in place since Joe occupied the Senate and had the power to do something about it -- and didn't.

 

In any case, it's junk economics. Brian Wesbury, a prominent economist explained where inflation comes from:

 

Inflation = printing money. Period. Prices are measured in dollars. If we create too many dollars, that causes the value of the dollar to fall in terms of goods and services. This “inflation” started 18 months ago. Shortages and supply chain issues are a separate issue. — Brian Wesbury (@wesbury) May 11, 202

 Inflation can be cured two ways -- through interest rate hikes, which the Fed has begun to do, or huge tax hikes -- which would drain the excess money out of the system, but the government would not be allowed to spend it. Anybody think Joe's got that kind of restraint for that one?"