‘Peak Inflation’ Keeps Peaking - WSJ Opinion

One lesson is that progressive welfare spending and expanded child-tax credits in the name of aiding workers contributed to inflation that erased the value of those benefits. Workers would be far better off now if Congress hadn’t passed $2.8 trillion in Covid “relief” in late 2020 and early 2021. The federal government has $6.7 trillion more debt than before the pandemic, and inflation isn’t abating.

Government help.