Government Spending Decreased Americans’ Purchasing Power: Reports

The ‘entire narrative about inflation being caused by supply chains was just wrong,’ one economist said.

Illustration by The Epoch Times, Getty Images, Madalina Vasiliu/The Epoch Times

News Analysis

The U.S. dollar lost 20 percent of its value during the past four years, making inflation one of the top issues for voters in this year’s elections. While inflation has slowed significantly since 2023, it crept back up by 0.3 percent in November, indicating that the threat has receded but not gone away.