ECONOMIC, INFLATION, METALS EXPERT: David Morgan, is the Chief Editor of The Morgan Report, and Co-author of Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave.

Sen. Tim Scott, R-S.C., warned that the Biden administration’s massive government spending is driving up inflation and causing prices of everyday items like food and gas to soar, saying extended unemployment benefits have stymied the labor market, making it harder to convince Americans to get back to work.

“The Biden’s administration’s approach to throwing tons and tons and tons into the marketplace has led to inflation. And inflation is a tax on every American family,” Scott told FOX Business Tuesday.

“Therefore, every American family is paying higher gas prices, milk is up, eggs are up. Your staples are up. That means the good that you think you’re doing by putting more cash into the economy is actually resulting in more inflation,” he said. “We’re slowing our own economic recovery because small businesses have said without question that they can’t find people to go back to work.”

According to the National Federation of Independent Business, 36% of small business owners are raising prices to fight inflation. And those owners have more jobs open than they can find the labor to fill.

PLUG BOOK: Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave.

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