Behind the Poll
There is no doubt that President Biden’s “Build Back Better” agenda will cause inflation. The question is, how much? Some economists are predicting that the inflation rate could potentially double in the next few years. This would be a direct result of the trillions of dollars in stimulus spending that the Biden administration has proposed.
On the other hand, some analysts believe that the inflationary effects of the “Build Back Better” agenda will be relatively muted. They point to the fact that many of the proposed spending programs are targeted at specific sectors of the economy, such as infrastructure and manufacturing. This should help to prevent any widespread inflationary pressures.
So, who is right? Only time will tell. But one thing is for sure: the “Build Back Better” agenda will have a significant impact on inflation in the United States.
What do you think? Will the “Build Back Better” agenda cause inflation to soar? Or will it have a relatively small impact?