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Biden's Infrastructure Plan Points to Even More Price Inflation

Audio Mises Wire

Tags Taxes and Spending

11/22/2021Daniel Lacalle

An additional—and quick—$1 trillion spending boost in energy-intensive and material consuming industries is likely to create new problems in terms of inflation and supply shortages.

Original Article: "Biden's Infrastructure Plan Points to Even More Price Inflation"

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Author:

Daniel Lacalle

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Original Article: 
Biden's Infrastructure Plan Points to Even More Price Inflation