Earlier this year, Bloomberg published an article recommending that families making under $300k a year should switch out meats for vegetables like lentils stating: “Though your palate may not be used to it, tasty meat substitutes include vegetables (where prices are up a little over 4%, or lentils and beans which are up about 9%)…” The author also recommends taking the bus instead of driving, not buying food in bulk, and forgoing pets’ medical bills. This seems perfectly logical; why halt an ever expanding bureaucracy from printing billions of dollars or raising the federal interest rate when the average American can contribute by tightening their belts, and buying less for themselves and their families?
As the Director of Research of the Economic Policy Institute Josh Biven has stated, “…Inflation is largely a global, geopolitical phenomenon that is just not under the Biden administration’s control…”
Then let’s see what steps the federal government and the Biden Administration have been taking in order to contribute to the alleviation of this global phenomenon of inflation, and in turn help Americans with pricing at home.
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