Member-only story

Want to Stop Inflation? Why Fighting for Global Democracy is the Answer

Tim Libretti, PhD
5 min readJun 3, 2022

--

flickr.com

Polls suggest American voters continue to blame President Joe Biden and his administration for the surging inflation that, it cannot be argued, is making it harder for Americans to afford the needs of their families.

And pundits across the cable news spectrum tend to concur in their political analysis that, even though there might not be much the federal government can actually do to stem inflation, Biden and the Democrats will nonetheless pay the political price, possibly turning Congress over to Republican majorities in the upcoming November midterm elections.

Of course, turning political control over to the Republicans would represent an unfortunately typical knee-jerk response from the American electorate: “Well, the Democrats don’t seem to be lowering prices, so let’s give these Republicans a shot.”

It would serve Americans, though, to stop and think about what each party might do should they have power, taking even a cursory review of recent history, and also to think about the causes of inflation.

And it’s also worth thinking about which party, regardless of inflation, is willing to enact policy to create economic stability for working families and the economically vulnerable in our abundantly wealthy nation.

--

--

Tim Libretti, PhD
Tim Libretti, PhD

Written by Tim Libretti, PhD

Professor of Literature, Political Economy enthusiast, Dad, always thinking about the optimal world

Responses (2)