December 3, 2021
Former White House economist blasts Biden’s policies for rising inflation: It’s ‘a hard tax on people’

Former White House economist blasts Biden’s policies for rising inflation: It’s ‘a hard tax on people’

Former White House Economist Kevin Hassett slams President Biden for his financial policies contributing to rising inflation, arguing surging costs is a “hard tax on people.”

KEVIN HASSETT: , they [Biden admin] hold saying the phrase transitory, the inflation is transitory. Oh, it is simply beef, it is transitory. And so I am reminded of that Princess Bride scene the place, you already know, at one level, the man says, I am undecided that phrase means what you assume it means… the very fact is that Biden policies have constructed this inflation…

He [Joe Biden] throws this large stimulus on the gap that is already stuffed. And so you’ve got bought demand by way of the roof and on the similar time, they’re attacking provide like loopy. And naturally, we will have continued inflation. And it is actually, actually, you already know, a hard tax on folks. The inflation tax is actual while you go away the gasoline station and also you go to the grocery retailer. Even when the grocery costs weren’t increased, you would be worse off since you simply spent an additional 20 bucks on gasoline. However while you get to the grocery retailer, the cabinets are empty, you already know, and that is the place the socialism is available in.

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