Economic experts suggest both 'innocent' and political reasons the media have lectured during supply crisis
Fox News
The supply chain crisis has hit home for Americans the past few months, but the liberal media have often instructed shoppers to accept their fates, be "thankful" for inflation, "lower their expectations," or consider their own role in the economic downturn – a narrative some economic experts rejected.
Economic experts like Stephen Moore argue that the coronavirus pandemic, which largely kept Americans home, does not take all components into account when trying to understand the supply constraints. While Moore, a senior fellow at FreedomWorks, said it's "true" there was deflation last year and the U.S. is "catching up" from a severe dip in consumer spending and prices, he said the Biden administration's "series of unforced errors" are also to blame.
Biden's unemployment insurance program, which Moore called "insane," held millions of workers out of the workforce and depressed production, in turn affecting the supply chain, he said.
"But what’s really made the inflation problem significantly worse was that $1.9-trillion spending bill in March which just deluged the U.S. economy," Moore told Fox News Digital, referring to President Joe Biden's American Rescue Plan.