Michael Goodwin
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 695 Ratings
🗓️ 29 November 2021
⏱️ 10 minutes
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| 0:00.0 | and they didn't say anything of the kind, but the media cover-up is, is this going to enable |
| 0:05.0 | Biden actually get away with this stupid bill? |
| 0:08.0 | Well, they're trying. |
| 0:09.2 | They're best. |
| 0:09.8 | They're pulling out all the media stops and the usual suspects are all on board. |
| 0:14.8 | David Brooks said over the weekend that, you know, inflation is what we need in this country to get it going again. |
| 0:22.6 | I mean, people are getting crazy in trying to defend the indefensible. |
| 0:28.9 | And as for the Nobel laureates, my sense of what they said is that they distinguished in the long run from the short run. |
| 0:40.0 | And in the short run, everybody pretty much agrees there would be more inflation |
| 0:45.6 | because you're pumping money into the supply side of the supply demand cycle. |
| 0:53.2 | And so more people wanting the same thing drives up |
| 0:58.1 | prices. That's inflation. When you get these extra hot markets, whether it's on for skateboards |
| 1:07.2 | or houses or gasoline, you get a rise in prices. |
| 1:12.1 | It's not always gouging. |
| 1:14.1 | It's that it's free market. |
| 1:15.9 | That's capitalism. |
| 1:17.4 | And that's how it works. |
| 1:19.0 | And so if you keep pumping money into those who are going to make the choices of how to spend it, |
| 1:25.9 | it's going to be inflationary. |
| 1:28.0 | I mean, that's fairly rudimentary at this stage of our economic thinking. |
| 1:33.5 | And so for the White House, which is why the White House has gone out of its way to lie about that issue. |
| 1:40.8 | It's why cherry picks what some economists say and what period they're talking about, |
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