This assertion that US federal administration policies have created enormous inflation is popular, but not well supported. Most of the inflationary shocks have

This assertion that US federal administration policies have created enormous inflation is popular, but not well supported. Most of the inflationary shocks have proven to be short term and are in the process of correction including lumber and shipping prices. The most concerning price increases have to do with housing, education, and health care and have been outpacing salaries for even longer than Biden has been a politician, let alone serving as President. The long term explosion of health care costs means calls to pay providers more may not even be possible given the huge and sharply increasing percentage of GDP that health care already takes. Not only is inflation not something we can depend on, there are strong deflationary forces at work which is why we continue to be in the strange position of having zero to negative real interest rates. Of course if deflation starts to do its terrible work then that will be blamed on that horrible opposing political party as well.