MSNBC's Lawrence O'Donnell is joined by Yale Professor Jeffrey Sonnenfeld to discuss the latest evidence of the successes of Biden's economic policies. Sonnenfeld says Biden is having the strongest positive effect on the economy of any president since FDR.
It’s like that everywhere. Maybe from 2022 to 2023 it didn’t go up, but it’s still very high. The price of everything needs to go down. Claiming that inflation is low because it hasn’t gone up much more is disingenuous. It’s already high. People are struggling because the price of food, rent, houses, etc have doubled. We need an inflation rate of negative double digits or life is just going to continue to get even harder for everyone.
Inflation peaked at 8.7% in the US and 14% in the UK.
Deflation is actually worse than inflation.