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They're Saying It's The Economy

AP Photo/Andrew Harnik

Many years have passed since former President Bill Clinton employed the phrase, "It's the economy, stupid." The economy remains as important a political issue today as it was in the early 1990s, and that phrase remains as politically prescient now as then.

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The high inflation occurring under President Joe Biden is horrible, as are its consequences. A slight cost of living increase periodically is an economic norm, but prolonged inflation is not. The strain (or tax, a more appropriate term) on the macro economy by high prices would be difficult to quantify. High inflation persists because of failed economic policies.

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