This Is Crazy. The Director of the United States Office of Management and Budget, Shalanda Young, Doesn’t Know What Causes Inflation. How Do These People Get Their Jobs? Young “Sure the cost of goods are more expensive. It costs more for the same goods than it did last year. The president is very aware of that. That is why it called on Congress to send him legislation that reduced the cost of health care.” Rep Lauren Boebert (@laurenboebert) “That's not exactly where I was getting at. Let me answer this for you. So Milton Freeman, who won the Nobel Prize in economics, said that inflation comes from too much money being printed in DC. Specifically, and I quote, he said, is a result of too much money and more rapid increase in the quantity of money than in output. Moreover, in the modern Era, the important next step to recognize that today, governments control the quantity of money so that as a result, inflation in the United States is made in Washington and nowhere else. So Director Young, in short, inflation comes from Washington, DC, where the products we use aren't created, but the products we use are made more expensive. Director Young, shamefully, this Biden budget proposes the largest tax increase in American history. And I really think that that bears repeating. It is the largest in American history. The Biden regime either has no concept of how inflation is impacting Americans or simply has no concept for Americans who find the cost of gasoline too expensive because after all they can't just go buy a Tesla. How about that for Democrat priorities? Thank you, Madam Director.”
@WallStreetApes Like Boebert but it doesn’t reflect all too well that she has to read off of her iPad for something that’s eco 101
@WallStreetApes None of the pols ever talk about our horrific monetary system. Its the way the system itself is designed. There was one exception: Ron Paul
@WallStreetApes Look say her skin color, that is how. I am sure it makes Black people proud for this kind of thing.
@WallStreetApes Diversity hires tend to not be as qualified
@WallStreetApes Inflation refers to an increase in the money supply. This causes prices to go up. Prices are not inflating, the money supply is. Over time people have begun to use the word inflation to refer to an increase in prices which is not the correct term.
@WallStreetApes Her name is Shalanda …. What could we possibly expect her to know?