Inflation is diminishing the spending power of millions of Americans. From food to gas, Americans pay tens of thousands of dollars more to get the same or less than they did in 2021.

You’ve definitely felt the pain of it. Now, why did inflation happen, and who is responsible for it? 

The answers, in short, are Bidenomics and the politicians who voted for it.

Over the last four years, the federal government has printed trillions of dollars, bringing the dollar’s value down and pushing prices up. At first, much of this spending was justified due to the pandemic’s economic upheaval, but after the Biden administration took office, the unjustified spending splurge began.

Bidenomics has four legislative pillars: The American Rescue Plan (ARP), the CHIPS Act, the Infrastructure Investment and Jobs Act (IIJA), and the misnamed Inflation Reduction Act (IRA) 

Here’s how these four irresponsible bills destabilized the economy, lined up billions of dollars in corporate cronyism, and made your life more expensive.

But first, a crash course on inflation

Inflation is not an unexplainable phenomenon nor a thing of chance. Economists are clear on the main cause of inflation: the government printing too much money compared to the economy.

Here’s how: Money’s worth, like any good, depends on supply and demand. If the government prints more money than the economy can absorb, your money will be worth less.  

Quick example: Let’s assume for two years the entire American economy only produces apples.

• Year One: The U.S. harvests 50 apples and Washington prints $100.
• Year Two: The U.S. produces 52 apples, but Washington prints $200.

It does not take a genius to figure out that one dollar in year one will be worth much less in year two, since there are now many more dollar bills chasing relatively few products.

Well, over the last few years, Washington increased our money supply by up to 43% while the economy only grew 3.6%.

How Bidenomics made inflation ten times worse

In 2020, the federal government printed trillions of dollars to support the economy during the uncertainty of COVID-19. While this surge might have seemed justified, it also made inflation a real possibility.

 When the Biden administration took office, the responsible thing to do would have been to tamp down government spending to steer away from inflation. This administration did the opposite: It spent trillions of dollars more, all but ensuring inflation would go through the roof.

Here’s how:

• American Rescue Plan: Passed in March 2021, the ARP brought a $1.9 trillion deluge of new money into a market that was already saturated with money. To make matters worse, a majority of that money ($1.2 trillion) was spent within a few months, opening the gates to a flood of freshly minted U.S. dollars that inflated prices to record levels.

The Federal Reserve, which worked to its full capacity in 2020 to prevent the dramatic expenditures from turning into inflation, was overwhelmed. It was forced to buy trillions of debt, sending the economy into an inflation tailspin.

If COVID-19 spending set the tinder for inflation, the ARP soaked the tinder with gasoline and shot a flare at it. [

• CHIPS, IIJA , and IRA:  Not happy with turbocharging inflation, the White House and its friends in Congress pushed for even more spending, adding $795 billion to the debt —that’s more than $2,325 per person in America.

First, these bills did nothing to curb inflation.

The Inflation “Reduction” Act gave billions of dollars into the pockets of green energy cronies and included health care provisions, neither of them had anything to do with inflation.

These laws increased the debt burden, making it more difficult for the Federal Reserve to get its books back in order. They also ensured that the federal government would buy part of that debt and created medium—and long-term inflation expectations.

COVID spending might have opened the door for inflation, but Bidenomics demolished any walls protecting us from it and let inflation loose in the pockets of the American people.

And many people in Congress staunchly supported these bad laws.