If there’s a topic uppermost on most people’s minds today, it is certainly the surge in inflation over the past year. Soaring prices have affected virtually every person in the country. And Americans say they know who’s responsible: President Biden. Surprisingly, that includes more than half of all Democrats, too. May’s 8.6% annualized inflation rate, the highest in 40 years, shocked financial markets and alarmed consumers and workers alike. As we’ve been reminded over the years, inflation acts as a tax on everyone, lowering standards of living, raising costs across the board, and eroding the very foundations of a productive...