Chapter
The Government's Love for Debt
35:37 - 39:07 (03:30)
The government benefits from inflation as it devalues the currency and money denominated as debt, so it prefers to maintain debt. This highlights the case for not seeing inflation as a disastrous affliction on the economy.
Clips
The value of money decreases as the government continues to devalue it through inflation, reducing the value of money denominated as debt.
35:37 - 37:57 (02:20)
Economics
Summary
The value of money decreases as the government continues to devalue it through inflation, reducing the value of money denominated as debt. Additionally, inflation acts like a hidden tax, reducing the value of people's money without them realizing it.
ChapterThe Government's Love for Debt
EpisodeA Disturbing Development In The Vax Mandate Scandal (Ep 1644)
PodcastThe Dan Bongino Show
An article on MSNBC by James Surowiecki suggests that COVID-19 is not responsible for inflation, rather it is its unlikely hero, saying the government printed a bunch of money and gave it to people, making them flush with cash.
37:57 - 39:07 (01:09)
Inflation
Summary
An article on MSNBC by James Surowiecki suggests that COVID-19 is not responsible for inflation, rather it is its unlikely hero, saying the government printed a bunch of money and gave it to people, making them flush with cash.