Democrats, Biden flunk Economics and History

 National Review:

Biden Argues Massive Government Spending Will Help Fend Off Inflation, Not Exacerbate It
...

“There’s nobody suggesting unchecked [inflation] is on its way,” Biden said. “No serious economist.”

Former treasury secretary Larry Summers warned that Biden’s $1.9 trillion coronavirus relief bill was “the least responsible fiscal macroeconomic policy we’ve have had for the last 40 years,” in a March interview with Bloomberg TV. That relief bill included funding for state and local governments, medical aid, and a round of checks to all Americans.

However, Summers has backed some investments in infrastructure.

“The investments on which Biden is focused are essential to the future of the country,” Summers told Politico last week. “Inflation fears should shape economic policies but it would be tragic if they stopped us from making urgently needed public investments.”
...

The problem is that only about five percent of the actual spending in the package is for actual infrastructure.  The rest of it is Democrat vote-buying schemes. 

See, also:

GOP seeks to make Biden synonymous with inflation

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