Inflation Is a Dagger Aimed at Joe Biden’s Presidency

The experience of the last Democratic president who presided over a significant bout of inflation wasn’t a happy one, and if the Biden White House isn’t haunted by that precedent, it isn’t paying attention.

Arguably, galloping inflation did more than anything else to unravel Jimmy Carter’s presidency.

Of course, we aren’t anywhere close to the late 1970s, when inflation hit double digits. But the latest numbers — with prices increasing 6.2 percent, the biggest annual increase in more than 30 years — should be a fire bell in the night for Democrats.

There have been two crises that President Joe Biden created or exacerbated, at the southern border and in Afghanistan, and the latest numbers point to the possibility of a third and even more consequential one.