WTH Is Inflation Getting Worse? Michael Strain on Who Is Responsible and How To Fix It

Since our episode on inflation with Glenn Hubbard last
month, his dire predictions about a likely recession have
gathered steam. And though we’re not yet officially in a
recession, Americans’ economic pain is only growing: New record
average high gas prices in June, likely rolling
blackouts, shocking inflation at the
supermarket and now the cost of money has skyrocketed
too. Meanwhile, here in Washington, the President continues
to go on vacation every weekend, deny that inflation is his
fault, and push a mindless spending agenda. How did the Fed,
White House economists, and mainstream professional forecasters
get it so wrong? And perhaps more importantly, what should be
done going forward?


These questions and more on today’s episode with Michael Strain.
Strain is the Director of Economic Studies at the American
Enterprise Institute.


Download the transcript here.