The US national debt when Biden entered office in 2008 was around $10 trillion
By the time Obama and Biden left office in 2016 it had doubled to $20 trillion, a 100% increase in only 8 years
This is due to government spending and massive Federal Reserve stimulus created from thin air
Government spending always creates more national debt and inflation when it relies on fiat money printing from a central bank, which the US government does
In March, Nancy Pelosi made a bizarre claim that in order to deal with inflation and bring down the national debt America needs MORE spending, not less.
Ultimately, the government has no tools whatsoever to reduce inflation, they only know how to increase inflation.
Price controls only cause more inflation because they destroy profit incentives
The real solution to inflation is a complete restructuring of the currency model, coupling a nation's money to a hard commodity like gold
https://www.zerohedge.com/economics/biden-economic-adviser-asserts-more-government-spending-will-solve-inflation-crisis
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