Inflation

“Inflation in April accelerated at its fastest pace in more than 12 years… The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier… Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020.” (CNBC)

The right worries that excessive government spending is driving inflation, which will be harder to control given current levels of the national debt.

The left urges caution, arguing that some level of inflation is necessary and...