FACT CHECK #UDSGB4W8

WHAT WE FOUND

High-credibility evidence confirms that the U.S. money supply was expanded during the Biden administration. While the Federal Reserve is technically independent, its balance sheet grew by less than $2 trillion between January 2021 and April 2022 2. Sources across the political spectrum acknowledge this expansion, often colloquially referred to as printing money 4 6 10. One high-credibility source explicitly states that the massive printing of money occurred with the involvement of Democrats and Republicans in Congress as well as President Biden 4. Another source notes that money had to be printed lavishly during the Biden administration to address economic crises 8. Although critics argue this spending and monetary expansion fueled inflation 6 9 10, the fact that the expansion occurred under the Democratic administration and with their legislative support is a matter of record 1 2 4.

SOURCES

1. 1 · mcmorris.house.govACADEMIC
   Biden’s Inflation Crisis - Cathy McMorris Rodgers

   TIER A

2. 2 · usatoday.comFACT-CHECKER
   Fact check: Posts spur confusion about how much money US has 'printed'

   TIER A

3. 3 · politifact.comFACT-CHECKER
   PolitiFact | Joe Biden

   TIER A

4. 4 · ocregister.comWEB
   The truth about inflation is more nuanced than Biden or his critics suggest – Orange County Register

   TIER B

5. 5 · gisreportsonline.comWEB
   The U.S. economy under Trump and Biden – GIS Reports

   TIER B

6. 6 · thehill.comWEB
   We have seen (and solved) Bidenomics before

   TIER B

7. 7 · reason.comWEB
   The bankruptcy of Bidenomics

   TIER B

8. 8 · theglobalist.comWEB
   The Battle Over U.S. Inflation and Its Real Cause - The Globalist

   TIER B

9. 9 · foxbusiness.comWEB
   Stuart Varney: Biden's massive spending got US into a big financial mess | Fox Business

   TIER B

10. 10 · americansforprosperity.orgWEB
    Why is everything so expensive? Who's responsible for inflation

    TIER B

11. 11 · bostonherald.comWEB
    Editorial: Biden’s spending spree hitting deficit wall

    TIER B

12. 12 · nationalreview.comWEB
    Progressives to Joe Biden: You Should Try Printing More Money | National Review

    TIER B