The risks of Bidenomics go beyond inflation
Joe Biden’s protectionism is costly for America and the world
America’s midterm elections are less than a fortnight away. When voters go to the polls on November 8th, surging prices will be uppermost in their minds. Annual inflation is running at just over 8%, nearly a 40-year high and the hottest in many voters’ lifetimes. For decades, inflation was quiescent enough that most Americans could ignore it. Now the cost of the weekly shop is dominating voters’ daily lives—and fuelling their ire.
This article appeared in the Leaders section of the print edition under the headline “It’s not just inflation”
From the October 29th 2022 edition
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