Authored by Tom Ozimek and Joshua Philipp via The Epoch Times,
Economist Peter Navarro , erstwhile adviser to former President Donald Trump , told Epoch TV’s “Crossroads” program in a recent interview that the current stagflationary downturn stalking the U.S. economy is “just the beginning” of America’s economic woes, and that Trump is the one who’s best poised to pull the country out of a dire slump. Navarro said in the interview that he believes the United States has fallen prey to the destructive force of stagflation —a toxic combination of high inflation and sluggish growth. “That’s what we’ve got now because of the fecklessness of Joe Biden, the Congress, the Federal Reserve, and this administration,” he said. There’s been fierce debate about what led to prices accelerating at their fastest pace in decades, eroding purchasing power, and squeezing American households.
Some, including many members of the Biden administration, have […]
Excerpt Sourced From: www.zerohedge.com
