First published by Money Metals Exchange here:
https://www.moneymetals.com/news/2021/11/16/biden-spending-to-build-back-stagflation-002407
President Joe Biden signed a $1.2 trillion “infrastructure” bill into law on Monday amid growing concerns that his administration’s policies are fueling higher inflation. Former Treasury Secretary Larry Summers, a Democrat, is warning of an economically and politically ruinous inflation problem brewing.
