i'd like to thank indeed for supporting my podcast indeed is an unbelievably powerful hiring tool where you can attract interview and hire all in one place get started right now with a NUMBER_TOKEN dollar sponsor job credit to upgrade your job posts at URL_TOKEN peter and i'd also like to thank ladder ladder makes it fast and easy to get affordable term life insurance without leaving your home go to URL_TOKEN today to see if you're instantly approved well the inflation story continues to dominate the headlines in fact there was a lot of discussion about inflation on this week's sunday morning news programs in fact the treasury secretary herself and former fed chief janet yellen was on face the nation to basically lie to the nation about inflation and what was creating it according to janet yellen the inflation that we are experiencing has absolutely nothing to do with the biden administration or the federal reserve it's all because of demand janet yellen said that there was a surge in demand i think her exact words were a dramatic increase in demand and that is why prices are going up now i think she attributed a lot of the demand to kovit because she said people were at home they were stuck at home and they had nothing to do but shop and so they went online and they bought a bunch of stuff and because the consumers were buying so much stuff that's why prices went up and therefore we don't have to worry about it because you know it's not really inflation it's just demand driven price hikes which is so laughable i mean remember this is the former chairman of the federal reserve right this is how little this woman knows about inflation now of course maybe she's just lying in fact let's give her the benefit of the doubt maybe she's not quite as stupid as she appears on the show so let's just say that she's lying and it's just the crew on face the nation that's complete morons right because they don't understand that she's lying they just assume she's telling the truth because they know nothing about economics or inflation but let's just accept janet yellen's explanation prices are going up because of all of this demand okay well where is all this demand coming from now janet yellen says well it's consumers that are buying stuff okay but where'd they get the money to buy all this stuff you see if they just were staying at home during covid if they had gotten laid off and lost their paychecks and the government hadn't also told them hey you don't have to pay your rent right because a lot of the money that people were spending on all this stuff maybe it was money they didn't spend on rent because they were told they didn't have to pay but assuming that the government didn't get involved in showering the consumer with cash and telling the consumers that they didn't need to spend that cash on their rent or making interest payments or even principal payments on their student loans the government stuffed everybody's pockets with wads of cash that's where the demand came from so if you're going to say that inflation was because of a big increase in aggregate demand well duh that's because the government gave everybody money now of course where did the government get the money well from the federal reserve the agency that janet yellen used to head because had the federal reserve not printed up all this money the government couldn't have passed it out because in case you didn't know the
START_SPONSOR_TOKEN i'd like to thank indeed for supporting my podcast indeed is an unbelievably powerful hiring tool where you can attract interview and hire all in one place get started right now with a NUMBER_TOKEN dollar sponsor job credit to upgrade your job posts at URL_TOKEN peter and i'd also like to thank ladder ladder makes it fast and easy to get affordable term life insurance without leaving your home go to URL_TOKEN today to see if you're instantly approved well the END_SPONSOR_TOKEN