(In case you missed it, this was my column for Colorado Politics/Denver Gazette/Colorado Springs Gazette in November)
I agree with my fellow columnist that simplifying complex issues such as inflation for the sake of political victory isn’t helpful, but our opinions diverge on the issue of how much blame is to be laid at the feet of the federal government and the Federal Reserve.
Supply chain issues brought on by the COVID-19 pandemic have no doubt contributed to rising inflation, but that is only one small piece of the puzzle. To see the complete picture, one must take careful account of the actions of those in charge of fiscal and monetary policy during the last several years. I will warn that if you expect a certain political party to be validated with this accounting, you will be disappointed.