# Mr. Biden's Claim That Inflation Is Transitory "is Laughable"

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Last modified: 2021-11-15

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By Paul Ebeling · 2021-11-15
Tags: Politics, Fed, tax, Yellen, inflation, pain, Biden, Americans, Paul Ebeling, America, Freedom, transitory
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#inflation #Fed #transitory #Biden #Yellen #Americans #tax #pain

"*Mr. Biden the most confused world leader ever seen*"-- Paul Ebeling

Stephen Moore said Sunday people are not buying that inflation is transitory.

"*The inflation rate continues to rise; I don't think anyone hears the word 'transitory' without laughing out loud when the Fed Reserve Board and the White House says that inflation is transitory," *Mr. Moore said Sunday.

Also, Sunday, Treasury Secretary Schoolmarm Yellen said inflation would end when the *'pandemic'* gets under control.

But Mr Moore does not believe her. 

Inflation keeps getting *"worse and worse; prices are up 6.2% over last year,*" Mr. Moore lamented.

"*This is a real hardship for the people at the bottom of the economic ladder," he added. "Inflation is the cruelest tax ... It's a regressive tax. It hurts people at the bottom.*

Mr. Biden is not being truthful to the American people when he is saying he means no harm to poorer Americans.

*"When Joe Biden says, 'I'm not going to tax people who make less than $400,000 a year,' he's already taxing people who make [less than] $400,000 a year, because every time you go to the gas pump, every time you try to rent a car you feel the pain." *Mr. Moore said in the interview.

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