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Rich Lowry: Inflation is a dagger aimed at Joe Biden’s presidency

Biden’s agenda clearly wasn’t designed with an inflationary environment in mind.

(Al Drago | The New York Times) President Joe Biden speaks about infrastructure at the Port of Baltimore, Nov. 10, 2021. "People making knee-jerk comparisons with the 1970s and screaming about stagflation are looking at the wrong history. When you look at the right history, it tells you not to panic," writes The New York Times opinion columnist Paul Krugman.