Andrew Yang says stimulus checks aren’t to blame for record high inflation in the U.S. But not all economists agree

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U.S. stimulus checks were too small and too short-lived to cause the country’s record-high rates of inflation, says Andrew Yang, one of the largest proponents of universal basic income—a fiscal policy that is essentially stimulus checks forever.

“Money in people’s hands for a couple of months last year—in my mind—was a very, very minor factor, in that most of that money has long since been spent and yet you see inflation continue to rise,” the former presidential candidate […]

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