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¹ Committee for a Responsible Federal Budget, “Analysis of the President’s FY 2023 Budget” (March 28, 2022, accessed 7/5/22); Morgan Chalfant and Aris Folley, “Biden unveils $5.8 trillion budget proposal with tax hikes, spending boosts” (March 28, 2022, accessed 7/5/22).
² Terence Corcoran, Financial Post, “Terence Corcoran: Modern monetary failure” (May 6, 2022, accessed 7/5/22).
³ Lynne Marek, Payments Dive, “Fed won't go it alone on CBDC” (September 23, 2021, accessed 12/8/21); Andy Mukherjee, Bloomberg.com, “Can Digital Cash Make Inflation Worse?” (May 16, 2021, accessed 7/5/22).
⁴ U.S. Bureau of Labor Statistics, “Consumer Price Index – May 2022” (June 10, 2022, accessed 7/5/22).