Staff Reports
In the latest episode of economic enlightenment on the Fox Business Network, a conservative economic journalist has cut through the fog of misinformation surrounding the inflation narrative. John Carney, the economics editor at Breitbart News, made the compelling case that inflation woes have little to do with tariffs or former President Trump. Instead, he placed the blame squarely on reckless government spending and the Federal Reserve’s enabling actions. It’s a familiar song for anyone who has spent time on the right side of the economic spectrum—one that those in the mainstream media seem eager to ignore.
Carney articulated a straightforward truth that should resonate with anyone tired of hearing economists spin tales about inflation. He emphasized that it’s not the looming threat of Trump’s return to office that’s driving prices up; rather, it’s the reckless spending habits of the government that build the deficit. This kind of straightforward analysis isn’t just refreshing—it’s downright necessary in a time when partisan narratives seem more important than sound economics. Carney’s points echo the teachings of the late Milton Friedman, who famously stated that inflation is more closely tied to monetary policy than anything else.
Carney on 'Kudlow': Economists are Wrong Again about Trump’s Tariffs – Breitbart pic.twitter.com/YR7wuybPbN
— Ian Hansen 🇺🇸🇺🇸 (@IanHansensX) October 16, 2024
Inflation, as Carney pointed out, has been wrongly attributed to tariffs by those eager to pin the blame on Trump. It’s almost as if they think linking the former president to rising prices is a surefire way to score political points. The expert analysis shines light on the reality that tariffs do not create inflation; rather, it is the reckless fiscal policies adopted by those in power that truly hurt the economy. Those pushing this false narrative should really reconsider their economic literacy—or perhaps their motives.
It’s revealing that many of today’s so-called experts conveniently overlook the impact of government spending. By laying the groundwork for inflation through their fiscal irresponsibility, they continue to shift the blame elsewhere, especially towards Trump. Carney calls out this intentional misinformation campaign, recognizing it as an effort by some economists to mislead the public and shape a narrative that fits their agenda instead of reality.
The takeaway from Carney’s insights is clear: true inflation issues stem from government overspending and a Federal Reserve that’s all too willing to accommodate it. As the political climate grows ever more charged, the distinction between real economic factors and politically motivated scapegoating becomes more crucial. In an age dominated by spin, it’s refreshing to hear someone straightforwardly addressing the core issues, rather than the distractions that the left seems to prefer.
