Kevin Hassett, a distinguished visiting fellow at the Hoover Institution and former senior economic adviser to President Trump, discussed Biden's economic ambition on “The Ingraham Angle.”
bill into law during a ceremony at the White House on Monday while Democrats try to muster enough votes to get another massive social spending bill to his desk. Kevin Hassett, a distinguished visiting fellow at the Hoover Institution and former senior economic adviser to President Trump, discussed Biden's ambition on"The Ingraham Angle."KEVIN HASSETT:"I’m trying to think of the right word for what [President] Biden is doing…Biden-enomics is not negative enough.
You know, he’s regulating firms, promising big tax hikes—you, know, we have the highest marginal tax rate in the whole developed world if they pass those tax hikes, and all of that is basically creating all this cash chasing supply but supply is going down so you see inflation. You know, people sort of say it’s looking like the 1970s but I actually think it could be worse than the 1970s, if you look at all these forces.
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