In her insightful editorial, "Stupidity of Nobel laureates (and the White House)," Kelly Sadler succinctly summarizes the cause of runaway government spending and inflation: $6 trillion in stimulus resulting in "too much money chasing too few goods" and also the solution: cut spending and taxes and deregulate.
In the face of disastrous results, why do Biden and his elite Nobel laureates remain wedded to profligate spending and massive government? Because they want to dominate the rest of us as a ruling elite, as modern philosopher-kings.
Unable to obtain such dominance as individuals or through persuasion, elitist leftists plot to do so collectively, through coercion--as leaders of a de facto authoritarian government.
The evidence of the elite leftists' domination agenda is everywhere: