'Trump's inflation': Bill Kristol tells Biden to blame inflation on 'the Fed's easy money policy under Trump'

Greg P. | 11:07 AM on January 13, 2022

Never-Trumper Bill Kristol wants the Biden White House to start blaming inflation on former President Donald Trump.

He tweeted, “Not an economist, and just a suggestion, but: Isn’t inflation a monetary phenomenon? Isn’t there a year or two lag between easy money and inflation? So isn’t today’s inflation (at least in part) due to the Fed’s easy money policy under Trump? So why isn’t this Trump’s inflation?”:

Not an economist, and just a suggestion, but:

Isn't inflation a monetary phenomenon? Isn't there a year or two lag between easy money and inflation? So isn't today's inflation (at least in part) due to the Fed's easy money policy under Trump? So why isn't this Trump's inflation?

— Bill Kristol (@BillKristol) January 13, 2022

Simply amazing:

You’re a marvel.

— Charles C. W. Cooke (@charlescwcooke) January 13, 2022

And he’s not even correct about it:

Yes & no (im not an economist but cover economics) Trump bullied Fed/Powell not to raise rates pre pandemic when economy could use normalization. Pandemic hit, Powell cut for obvious reasons. BUT when inflation came Powell/Biden ignored them. Now he might have to raise sharply https://t.co/WQQY8ZXvM9

— Charles Gasparino (@CGasparino) January 13, 2022

Welp:

I appreciate the impulse to pin this on Trump, but we've had declining interest rates since 1982 and insanely easy money since the financial crisis. https://t.co/wmylCVJcfP

— John Coumarianos (@JCoumarianos) January 13, 2022

Also, Biden called inflation “transitory” and then dumped in a bunch of more money to make it even worse:

Nothing makes me question the Republican party like Never Trumpers, who were Bush’s biggest fans and now spew the exact opposite of things they said they believed in BEFORE they hated Trump. Lots of grifters around Bush starting with this fool. https://t.co/I3CGGuzrCd

— GOPPouncer (@Mellecon) January 13, 2022

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