pumping trillions into the economy aswath damodaran a professor of finance at new york university when essential prices explode in ways that people cant pay them anymore its like some basic social contract breaks isabella weber a professor of economics at the university of massachusetts amherst told abc news while in sri lanka a mass uprising led to the removal of the countrys sitting president as protesters cited frustration over the fastest inflation rate in asia while the biden measure comprised a major spending package former president donald trump backed even greater coronavirusrelated spending signing into law a package in december 2020 worth 23 trillion president joe biden speaks about infrastructure jobs and job training in broadband construction and manufacturing following the passage of the bipartisan infra show more more voters prefer republicans on the economy economists assess their plans to fix inflation if youre an incumbent you get credit for things that go well even if theyre not your fault kenneth rogoff a professor of economics at harvard university who studies global inflation told abc news the war between russia and ukraine has exacerbated the price hikes worsening a global shortage of oil and food you get blame for things when they go badly even if its not your fault