Asian Spectator

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Why spending $2 trillion on child care, health care and fighting climate change won't make inflation any worse than it already is

  • Written by Michael Klein, Professor of International Economic Affairs at The Fletcher School, Tufts University
Why spending $2 trillion on child care, health care and fighting climate change won't make inflation any worse than it already isYou get the metaphor. Edwin Remsberg/The Image Bank via Getty Images

One of the main concerns raised by critics of President Joe Biden’s Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades.

The Senate is currently considering a roughly US$2 trillion billpassed by the House th...

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