Madison, WI – In case you missed it, Americans for Prosperity Senior Fellow in Fiscal Policy Expert Kurt Couchman joined WIBA Madison’s Vicki McKenna Show on Friday afternoon to discuss the root causes of inflation—lawmakers like Senator Tammy Baldwin rubberstamping the Biden-Harris inflationary agenda and excessive government spending.
While Wisconsinites continue to face record-high inflation and high costs on everything from gas to groceries, Senator Baldwin and her allies are passing the blame onto businesses for ‘price gouging,’ when the reality is excessive government spending through legislation such as the Inflation Reduction Act has flooded the economy with money causing high inflation and skyrocketing costs.
Kurt Couchman discusses what really changed over the last few years resulting in high costs for consumers:
“What really changed is the federal government just flooded the economy with money…Driven by members of Congress, and especially the Biden administration, approving new spending that was debt financed. Massive amounts of debt financed spending. That’s the thing that changed. And now they’re trying to distract from that record.”
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“Competition is the greatest consumer protection. Unfortunately, the progressive ideology is to tax and subsidize and regulate everything until it fits the perfect plan. That just doesn’t work.”
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When referring to the price gouging bill Senator Baldwin cosponsored, Couchman claimed, “this is one of the most ridiculous pieces of legislation I’ve seen from a balance of powers perspective and from economics.”
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“We’re not going to operate according to some central plan because we’re America, it’s a free country… we have to have an economic and political system that makes stage for that including by getting the federal government out of the places where it doesn’t belong…”
Listen to the full interview HERE.
In June, AFP Senior Fellow in Fiscal Policy Kurt Couchman and AFP Economic Policy Analyst Ilana Blumsack released an economic report: The Bidenflation Blame Game: How Big-Spending Politicians Scapegoat Business responding to lawmakers’ attempts to pass blame to businesses for increased consumer prices.