As rising prices and diminishing supplies have replaced COVID as the American people’s number one concern, President Biden has unsurprisingly announced several initiatives aimed at lowering prices and restocking the shelves. Unfortunately, Biden’s proposals will increase prices and decrease supply of goods and services.
For example, Biden has announced plans to spend $1 billion in an attempt to increase competition in the meat processing industry. According to the President, the reason meat prices are high and supplies are low is because of greedy big business. Not because, wait for it, the government shut down the economy for a year.
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