High inflation spurred Donald Trump’s defeat of Kamala Harris last November. The economy was the top issue for most voters, and inflation was the top economic issue. As Biden’s partner in economic crime, Harris could not escape the blame for the torpedoing of the dollar’s value in recent years.

Inflation occurs when the government prints excessive currency, resulting in more money chasing the same amount of goods and services. Nobel Laureate economist Friedrich Hayek wrote, “Inflation is never an unavoidable natural disaster; it is always the result of the weakness or ignorance of those in charge of monetary policy.” As economist Per Bylund observed, “Inflation is money losing its purchasing power.” Government is the premier profiteer of inflation, providing politicians with “free” money to spend while systematically defaulting on any debts government promised to pay….

When Kamala Harris signaled that she would likely continue Biden’s policies across the board, voters recognized that she had learned nothing from Biden’s debacles. The Harris campaign believed that perpetually championing the right to abortion would guarantee them more than enough votes from women. But it turned out that “women buy milk and eggs more often than they get abortions.”

A century ago, Americans clearly recognized the moral implications of inflation. Vice President Calvin Coolidge bluntly declared in 1922: “Inflation is repudiation.” But it remains to be seen whether the inflationary torrent of recent years will awaken Americans to the folly of trusting Washington to not sabotage their personal independence or the nation’s prosperity.