This is CBSI on the World with John Bachelor.

Here's John Bachelor.

I welcome John Coch on the Hoover Institution. He writes a blog, The Grumpy Economist, I recommend it highly.

John is a very pleasant fellow, but you can only laugh when it gets grumpy and right now we're going to the scene of a crime. It is

February 2021, the new Biden administration and the contest in Congress is for

the American Renewal Act.

I think the word T, trillion, is in the American Renewal Act.

There is the moment.

Professor, a very good evening to you.

What now do we know the American Renewal Act started?

What is, what is in the room with the American Renewal Act?

Good evening to you.

Good evening, inflation. It is the when we look at our current inflation it's very

interesting that it surged suddenly in February 2021. I don't know that the American Real Act caused it, but it, and there was a lot of excess spending under Trump.

Overall, the government spent about $5 trillion, handed it out, gave people checks. But the timing is kind of

interesting that the inflation came out exact started exactly February

2021 as this big it was another stimulus people literally got sent checks just for

being people even though the pandemic was over by that time so I think of

that one is kind of a signature one because it's signal to people we're

not going back to normal this wasn't a one-time thing during COVID we're going to be

spending trillions of dollars a year no matter what as as we are right now

nearly two trillion dollars this year despite the

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