The Democrats’ Inflation Blame Game

Despite Wednesday’s inflation report indicating that consumer prices have risen by 7% over the past 12 months and accelerated to 9.1% over the past three months, the president and Democrats other than Sen. Joe Manchin remain firmly entrenched in a state of denial. In their telling, this inflation has nothing to do with their spending policy. This is the same argument we heard in the mid-1970s.

When we both began our careers in public service, the U.S. was suffering from the high inflation of the late 1970s. The federal government...