Biden is undermining Powell’s efforts to curb inflation

10/26/2022

The European Union is distributing and member states are spending about $800 billion in pandemic recovery funds to underwrite investments in green energy, modernization and national competitiveness.

The EU and other continental governments are seeking to cushion the blow of higher energy prices on households, industry and small businesses with more than $300 billion in new relief spending—those somewhat resemble the pandemic relief efforts of 2020 and 2021.

Peacetime economy

The Europeans with American support have chosen an economic war and materiel aid to Ukraine as their answer to Russian military aggression without taking the political steps that should accompany wars in parliamentary systems.

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