school? come on, no such thing. but are the doj. mandatory covid vaccines don t how she work? please, you are just imagining it. you must be in anti-vaxxer. and so on. they do this with everything, because it almost always works. you may be the injured party and whatever disaster they ve managed to cook up, but by the time the washington post gets done explaining it, you are a criminal for noticing it happened. it is very effective. unfortunately for them, it doesn t work with inflation. inflation is just too obvious to deny. everyone knows when the prices go up, because everybody go shopping. so when you get inflation, you are stuck with it. leaders know this, obviously, so their first move when we got inflation was to reassure thus there was nothing to worry about because actually, inflation is a good thing. we have been longing for inflation. and thank god we finally got it. america needs higher, longer-lasting inflation. [laughs] when that didn t work, because it was ne
and thank god we finally got it. america needs higher, longer-lasting inflation. [laughs] when that didn t work, because it was never going to, no one in the world actually wants inflation. when that failed, they tried a new tactic. yes, inflation is not ideal, they admit it. but it is like fog in the morning, it is inconvenient, but it burns off. the word they use to describe that is transitory. are economists have conveyed that they feel that the impacts of our proposals will be transitory. all of the economists that the president has been relying on suggest that there s a transitory nature to the inflation problem. we call these things transitory effects. this inflation we are experiencing is transitory. it is not going to be here long. we ve had several months of high inflation that most
under joe biden, as covid recedes, it is going up even higher because they are no longer using covid as a pretext. through the end of this august, which is just a month and a half ago, the federal government has already spent more in 2021 then it did over the entire calendar years of 2019 and 2018. so, all of this drives inflation to scary levels. but they are not scary to everyone. if you are a massively leveraged financial institution that was a lot of money to a lot of people and that is how you re making your money, this is not necessarily bad news. if money is worth less, that means your debt service costs last. you don t fear inflation, inflation helps you. the problem is it crushes the american middle class. now, in a normal country, this would be a huge concern, but because the people who make our policies don t care about the middle class, this is a bargain well worth making. bloomberg news just published a piece with his headline which we are not making up, they are still w
needs higher, longer lasting inflation. if you can even imagine it does america need more emphysema, too? it is grotesque. normal people do not read bloomberg news and may be unaware of these attitudes exist in what they assumed was our country, and the biden administration would like to keep it that we had to keep the population from finding out what is happening. so here s treasury secretary janet yellen, who once ran the federal reserve, more responsible than every single living person for your growing poverty. here she is assuring you that $7 bacon is not actually a problem, that is not really inflation, it is something called transitory inflation. i don t believe that we are at risk of hyperinflation. we have had several months of high inflation that most economists, including me, believe will be transitory, as our economy gets back in full