Fool's Errand..

 

The Biden White House is promoting tougher anti-monopoly laws to curb U.S. inflation and ease public criticism, but it’s a fool’s errand.

“The emerging claim that antitrust can combat inflation reflects ‘science denial,’ ” tweeted Harvard economist Lawrence Summers, a senior official in the Obama and Clinton administrations. “There are many areas like transitory inflation where serious economists differ. Antitrust as an anti-inflation strategy is not one of them.

Prices rose an average of less than 2% a year from 2010 to 2019. The Federal Reserve actually worried more about the inflation rate becoming too low instead of the other way around.

“There is no basis whatsoever thinking that monopoly power has increased during the past year in which inflation has greatly accelerated,” Summers tweeted.

Who is making the decisions in this White House administration?

Are these decisions made just to avoid doing work for the American People?

This administration couldn't possibly be making these decisions in such a haze state unless they do it deliberately.  Just a thought.