Bidenomics is a term that refers to the economic ideas and policies of Joe Biden, the 46th president of the United State. Bidenomics is based on the premise that government intervention is needed to boost demand, revive and reshape the economy, and help the middle class
It seems to me that decisions are made for and against proper economic principles.. Sanctions on Russian oil increased the prices of oil worldwide. Additional economic sactions on Russia and other countries caused food shortage in many countries. And with that, an increase in prices of various goods and causing the inflation.
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