Former President Ronald Reagan was credited as saying, “The most dangerous words in the English language are ‘I’m from the government, and I’m here to help.’” When the coronavirus pandemic enabled the federal government to shut the country down, Republicans and Democrats alike were quick to approve multi-trillion-dollar spending bills without any idea how to pay for these stimulus and relief packages. Even toward the end of the COVID-19 public health crisis, a case of Bidenomics resulted in more unnecessary expenditures that added fuel to the inflation fire. A new study reveals the economic doctrine might have contributed to the spike in prices at the local grocery store.
Bidenomics and Your Dinner Plate
The current administration’s enormous expansion of the Supplemental Nutrition Assistance Program (SNAP) may have hiked supermarket prices by as much as 15%, according to a…
