The Straw That Broke The Inflationary Camel’s Back

Today’s retail sales report for March brought more evidence that Biden’s $1.9 trillion American Rescue Plan of last March, which came on top of the $4 trillion of stimmies that had previously been distributed, was one of the stupidest fiscal policy measures of all time.

Even as of February 2021, household bank accounts were bulging with cash owing to the tsunami of prior stimmies, as well as the forced sabbatical from normal consumer spending at closed restaurants, bars, movies, gyms, resorts, hotels and much more.