Sen. Rand Paul (R-Ky.) argued that Americans’ affordability concerns are fundamentally an inflation problem, pointing to the federal deficit and Federal Reserve monetary policy as major drivers of declining purchasing power.
Paul Blames Inflation for Rising Costs
On Tuesday, in a post on X, Paul said, "Everyone keeps talking about affordability, but really, this issue is called inflation," Paul wrote.
He pointed to the federal government’s roughly $2 trillion annual deficit and argued that Federal Reserve purchases of government debt contribute to an expansion of the money supply.
Paul said, "Our annual deficit runs $2 trillion and the Fed buys roughly a third of that by printing new money."
