As Americans continue to suffer from intransigent—not transitory—inflation, many theories have been floated concerning the roots of the 8.6 percent inflationary rate that is absolutely devastating the lower- and middle-classes.
According to the Biden administration, blame for the worst rate of inflation in more than four decades lies with “Big Oil,” “Big Meat,” “Big Shipping,” and, of course, Vladimir Putin.
However, the American people are not buying Biden’s excuses for the runaway inflation they are enduring under his watch. In fact, most Americans pin the blame for out-of-control inflation on Biden and his misguided policies.
Fortunately, it seems as if the American people are quite a bit smarter than the Biden administration believes they are. Because when the rubber meets the road, there are two primary factors driving the awful inflation that is poisoning the U.S. economy.
Those factors are called modern monetary theory (MMT) and environmental, social, and governance (ESG) investing, which have both been fully embraced by the Biden administration.
In short, MMT posits that “a government can merge fiscal and monetary policy and simply print currency to pay for its expenditures indefinitely without economic costs or constraints,” according to the