The policies of the Biden administration caused the explosion of inflation that has left so many Americans with less spending power, Freedom Works senior economist Steve Moore told Breitbart News on Monday.
“For the two and a half years that Biden has been in office, the average American family has lost about $3,500 to $4,000 of income in terms of real purchasing power,” Moore said on Breitbart News Daily. “Month after month, Biden is making Americans poorer, not richer.”
Moore said that it is the Biden administration’s spending policies that have caused inflation to rise at the fastest pace in four decades.
“This inflation didn’t happen by accident. This was a direct result of Biden coming in and spending $6 trillion that we didn’t have. Dumping free money out of the windows of helicopters,” Moore said.