The Washington Times cited CEI’s expert on inflation
“Before the pandemic, inflation was practically nonexistent, having fallen to 0.1% in May 2020,” said Sean Higgins, an analyst at the libertarian Competitive Enterprise Institute. “Once in office, the Biden administration fed staggering amounts of government financial stimulus into the economy, sparking inflation, which peaked at 9.1% in June 2022.”
Read more at The Washington Times
Fred Smith is the animating spirit at the Competitive Enterprise Institute. Fred conceived of the idea for an organization that would, in his words, “find a more positive answer to the challenge Joseph Schumpeter laid down in his essay, “Can Capitalism Survive?” He founded the organization and served as president for nearly three decades.
He died at the age of 83 at home in Maryland where he is survived by his beloved wife Fran. Fred was a friend and mentor, an advocate and ally, and an inspiration. His bright light lives on in our work.
Fred Lee Smith
December 26, 1940 – November 23, 2024