The Corner

White House

Inflation Is Biden’s Covid-19 (But So Is Covid-19)

President Joe Biden speaks during his visit to the National Institutes of Health in Bethesda, Md., December 2, 2021. (Kevin Lamarque/Reuters)

Donald Trump was mocked, rightly, for his wishful thinking in the early days of the Covid-19 epidemic that the virus would just “go away.” That is, as you may remember, not exactly what ended up happening.

And now:

“The Biden administration,” the New York Times informs us in a headline, “has waited months for inflation to fade.” But inflation is not fading. It is currently at its highest rate since your grey-bearded correspondent was carrying his Star Wars–themed lunchbox to the fourth grade. It is eating into the wages and wealth of Americans at a steady pace.

Inflation is not a problem that is going to fix itself. And inflation is not the product of a virus — it is the entirely foreseeable product of bad public policy, and must be addressed with more intelligent public policy.

Wishful thinking isn’t going to get it done.

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