>About the only one he didn't blame is President Trump!. Speaking at the Eisenhower Executive Office Building, President Biden on Tuesday morning declared inflation to be his top “domestic priority” and insisted that inflation would not be a problem were it not for covid and the war in Ukraine. There was little room, however, for any sound economics in a speech that was little more than a campaign speech for the ruling Democratic party in an election year in which the party looks to take a beating at the ballot box. In truth, it is the US regime itself—and the regime's central bank—that is the real cause of today's galloping inflation. And even worse, neither the central bank nor the White House will admit its role or reverse course. Last week it was clear that Fed chairman Jerome Powell refuses to admit any role in today's price inflation, and he apparently has no clue about what to do about it. This week, Biden insists his own government is blameless all while further pursuing regulation and taxes that will only make inflation worse. It’s Putin’s Fault! With inflation at 40-year highs, and with wages falling behind, Biden was careful Tuesday morning to spin inflation as the fault of anything and everything except the US government and the Federal Reserve. Specifically, Biden placed the blame of price inflation on covid-19 and on “Mr. Putin” for the war in Ukraine. Biden claimed the covid disease itself—i.e., not the forced government lockdowns—has been to blame for logistical problems and shortages that have contributed to rising prices. Moreover, Biden blamed the war in Ukraine for increasing prices given Ukraine’s role as a grain-exporting nation and the current difficulty of exporting from war-torn regions.