not just in this country, but certainly here as well. janet yellen is the treasury secretary. so she went to congress today to testify about it. at one point, yellen said that the trillions of dollars that governor has spent has pumped into the economy aren t really related to the historic inflation we re now experiencing. would you agree those are the top three causes of inflation of deficit spending, high energy costs and supply dislocations. i don t believe the deficit spending is one of the main causes. i don t buy the way this person was. the fed chairman during quantitative easing. for a lot of it. she told us that inflation, transitory famously is a way to justify more spending. now, she won t admit the effects of that decision. so she was wrong. but she s lying. this is not the first time she s been wrong. by the way, here she was in two thousand seven one year before the great recession. would i say you will never, ever be another financial
broken out here, things like meat and poultry, fish and age eggs up 10.5%, new cars, it s just incredible, hotel prices 18%. what are your thoughts on the federal reserve is saying these are all temporary? doesn t feel that way. i was in business for 30 some years and it was like pulling teeth to get through a price increase and i talked to businesses now and price increases are just expected now and they are accepted so the expectation and let s face it we have all of the ingredients for stagflation. you had the supply dislocations, you have labor shortages and now you have inflation, this is a really bad sign of things to come, but again the democrats are looking living in a fantasy world denying reality. they want to push through this a big bernie budget, the entitlement package and make more americans dependent on them, on the government and this is not going to work. it will hurt the very
things like meat and poultry, fish and eggs, up 10.5%, new cars, i mean, it s just incredible, hotel price, 18%. what are your thoughts on the federal reserve saying these are temporary? doesn t feel that way. i was in business for 30 some years. it was like pulling teeth had to get through a price increase. as i talk to businesses now in wisconsin and throughout the country, price increases are just expected and they re being accepted so it he creates inflationary expectation. we have all the ingredients for stagflation, supply dislocations, labor shortages, inflation, this is a really bad sign of things to come but again, the democrats are living in a fantasy world. they re denying that reality. what they want to do is they want to push through this big bernie budget, the entitlement package, make more americans dependent on them, on government. it s not going to work. it s going to hurt those very same people.