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

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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