Reference News Network reported on December 20 that the US "Wall Street Journal" website published an article "Biden Stagflation is Coming" on December 13. The author is Phil Gram, former chairman of the US Senate Banking Committee and visiting scholar at the American Enterprise Institute, and the United States. Mike Soren, partner at Policy Research Corporation. The full text is excerpted as follows:
The White House continues to insist that inflation will soon subside and that the U.S. will return to its pre-coronavirus prosperity. But the Biden administration's regulatory agenda actually ensures that the post-pandemic economy will be nothing like it was before. The growing regulatory burden from Biden's executive orders, the open hostility of his regulators to the U.S. economic system, and a return to a progressive-era model of antitrust enforcement will all dampen growth. All the factors that turn current inflation into stagflation will emerge.
The painful experience of overregulation in the U.S. is just around the corner. When the recession triggered by the subprime mortgage crisis ended in mid-2009, economists had predicted a strong recovery. At the beginning of 2010, the US Office of Management and Budget forecasted that real gross domestic product (GDP) would grow at an average rate of 3.7% through 2016, the Congressional Budget Office estimated that the growth rate would be 3.3% over the same period, and the Federal Reserve predicted that by 2014 The annual growth rate is 3.5% to 4%. In fact, during the economic recovery from 2010 to 2016, GDP growth fell to 2.1%, the slowest pace in 80 years.
In the early days of Biden's presidency, the cold death hand of government regulation stretched farther than it did during the Obama years. The original executive order cramped the cost-benefit analysis that underpins regulatory policy, defining benefits as encompassing "social welfare, racial equality, environmental protection, human dignity, equity, and the benefit of future generations." The executive order opposes mergers and acquisitions that disregard consumer interests and targets the oil and gas industry for extinction.

lenme take my time to read bfr commenting, we are nt all gona be Zonbies afterall

What does this even mean?