Stevenson analyzes inflationary pressure

February 11, 2023 The New Yorker

Betsey Stevenson, The New Yorker: "People always hate inflation. Even when inflation was at historic lows, survey data showed that eighty-three percent of Americans thought inflation was a problem. The President has very few levers. And, in this particular case, the Administration has not been an important driver of inflation. I still believe, when we write the history of government spending coming into and out of the pandemic, that we will write a story of success. The value of that, of not creating a generation of disconnected workers, is quite high. And that’s what the government spending was aimed at doing."