Under the Biden administration the economy could overheat, thereby increasing inflation and the price of gold. In January, Biden unveiled his plan for stimulating the economy, which is struggling as the epidemic in the U.S. continues to unfold. Pundits welcomed the bold proposal of spending almost $2 trillion. Some expenditures, especially on vaccines and healthcare, sound pretty reasonable. However, $1.9 trillion is a lot of money! And a lot of federal debt, as the stimulus would be debt-funded! So, there is a risk that Biden’s package would overheat the economy and increase inflation. Surprisingly, even some ... (full story)