The Biden Stagflation Arrives - WSJ Opinion

Mr. Biden inherited a growing economy primed to roar back from the pandemic, and in barely a year and a half he has dragged America back to the 1970s. The best word for what we have now is stagflation, the ugly combination of slow growth and rapidly rising prices. This is what the policy mix of trillions in federal spending, heavy regulation, the threat of higher taxes, and easy money has wrought. Time to do the opposite.

There will be entire books and college courses dedicated to the study of how an economy primed for success was so quickly wrecked.