Republicans in Congress and Donald Trump want you to believe that the record-setting inflation we're experiencing is all the fault of Joe Biden. But as MSNBC's Ali Velshi, who has long covered the economy, made clear in our recent "Salon Talks" conversation, inflation is a worldwide problem that cannot be solved with politics alone. "It's not Biden's fault. It is not a particularly political matter," Velshi said.
Inflation has skyrocketed in Britain, France, Turkey and elsewhere around the world, Velshi notes, adding that Biden would if it be "pretty powerful if he can cause inflation to go up in pretty much every country." Velshi, who hosts a namesake MSNBC show on weekend mornings, says the 40-year inflation high is due to several complex underlying factors, from higher oil prices to supply chain issues to increased demand from American consumers. The bottom line? There is no easy solution to the problem.
