Analysis
Opinion

As Inflation Soars, Biden Claims It’s Gone

As Inflation Soars, Biden Claims It’s Gone
President Joe Biden attends a signing ceremony for the CHIPS and Science Act of 2022 on the South Lawn of the White House in Washington on Aug. 9, 2022. Chip Somodevilla/Getty Images
Jeffrey A. Tucker
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Commentary

It was another month of devaluation of the dollar for Americans, another month of stealth taxation through monetary debasement. This one matters not only because it shows that “very bad” is not getting better, it also reveals that nothing the Fed is doing is yet working genuinely to tame the disaster. The dollar’s purchasing power is falling dramatically in real time.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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