Investors begin dumping stocks as the Federal Reserve announces a rate hike.

Joe Biden plans cryptocurrency regulations, and the media tries to pretend that Joe Biden's

black female Supreme Court pick isn't about race or sex.

I'm Ben Shapiro. This is the Ben Shepiro show.

This show is sponsored by ExpressVPN. It's time to stand up against big tech. Protect your data at ExpressVPN.com. Slash, Ben, we'll get to all the news in just one moment first. How would you like a signed copy of my newest book, hot off the press, the authoritarian moment? How would you like a copy of that book and protect your savings from a repeat of Carter-era inflation? Honestly, you're not just going to buy Birch gold to get a copy of my book. You're doing it to protect yourself against the vicissitudes of government regulators. Birch gold will help you convert an eligible IRA or 401k into an IRA backed by real gold, which does provide peace of mind. That's why I am a birch gold customer. I've been investing in gold with them for a very long time. At least a part of your portfolio should be in something that is not controlled directly by the federal government. And that means something like precious metals. Their gold IRA experts are extremely knowledgeable, which is why they have thousands of satisfied customers in A-plus rating with the Better Business Bureau. You can trust Birch Gold to help you protect your savings today. Text Ben to 98-98-98 to get a free information kit on buying gold in a tax-sheltered account. And when you buy before the end of the month, Birch Gold will send you a signed copy of my brand-new book, The Authoritarian Moment. Text Ben to 98-98-98 to get your free information kit right now. Again, text spend to 98, 98, 98 to get all the information you need for my friends over at Birch Gold. All righty. So the Biden economy is now hitting the skids. It is hitting the skids because we had a superheated economy in which we were pouring trillions of dollars on top of an economy that really didn't need it. And the fact is that when the pandemic first started and the government told everybody to go home from work, there was a case to be made that the government had essentially driven a Ford F-150 into your business. And now they had to pay recompense for that. But as it became quickly clear, what the government really needed to do was first take the Ford F-150 out of the front of your business and allow you to reopen your

business. It became just as clear that what the government shouldn't do is after rectifying the expense,

continue to pay you just so that they could leave the Ford 150 directly in the middle of your

business. Once it was clear that businesses ought to be reopened and that young, healthy people

were going to be generally fine from COVID, the government ought to have gotten out of the business of quote-unquote stimulating the economy.

Instead, the Federal Reserve bought up every asset it could find and started injecting trillions of dollars

into the economy. Many people finished the pandemic with more in savings than they had at the

beginning, which is amazing since a huge number of people went completely unemployed during that

time. But again, the government was literally paying people to people went completely unemployed during that time.

But again, the government was literally paying people to stay home for large periods of time.

This led to overheated inflation, dramatic lack of supply, and tremendous price squeezes.

Well, now the Federal Reserve is about to end America's era of easy money, according to the Wall Street Journal.

That is prompting investors to reverse course on two years of investing strategies kicking off this month's broad market route, the worst sell-off since the early days of the pandemic.

Major U.S. stock indices have dropped between 6% and 15% in January through Thursday, with some

investor favorites during the pandemic, like Moderna, Peloton, and Netflix, falling around two or

three times

as much. Wall Street's fear gauge the CBOI volatility index of expected market swings has almost

doubled this year. Some well-known hedge funds are down 10% or more, said people familiar with the

...