10/26/2021
https://congress.gov...
"I agree. Dr. Holtz, the Biden administration continues to claim that 70 percent of the increased inflation was due to Russia's invasion of Ukraine. Is that true?"
"I would agree that we are not here to talk about cuts. That is not our plan, but I first feel that we need to start talking about the causes of what got us in this situation."
"It would be nice if we did."
"Inflation is a broad-based increase in the price level so that the dollar price of goods and services broadly in the economy rising."