The Hidden Cause of Inflation No One Is Talking About

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 October 2024

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

📱For more content that keeps you motivated, download the Ramsey Network app. Americans deserve to know what their presidential candidates will do about real issues that matter to real people. So, we reached out to both candidates to give them the opportunity to sit down with Dave and share their ideas. Dave took everyday Americans’ questions about the economy to Donald Trump in a real-talk interview. Founder and CEO of Ramsey Solutions, Dave Ramsey is a financial expert and national bestselling author. Over the last 30 years, Ramsey Solutions has delivered clear, no-nonsense money advice through radio shows, podcasts, books, courses and tools, helping millions of people take control of their money and build wealth.  Each week, 8 million people tune in to The Ramsey Show across podcasts and YouTube for advice on money, careers, and relationships.   Learn more about Ramsey Solutions here    Explore More Shows From Ramsey Network: 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Ramsey Network app. Download for content that keeps you motivated today.
0:08.5	As you know, we do a show called The Ramsey Show and talk to regular folks every day,
0:14.6	calling in most of the time with financial trouble, sometimes with financial victories,
0:18.8	stuff we've taught them to do the basic grandma's
0:21.4	common sense stuff. And that audience that's going to be watching this is they're not concerned
0:28.0	with a lot of things, but they are concerned with $8 eggs, $5 gas, 7% of the rates, and a house
0:35.8	they can't afford with wages, not going up as fast as house prices.
0:39.5	This inflation thing is a big deal. So in the first 90 days, the strokes that you make to change the
0:45.2	economy when you're elected are a big deal. What's the first things you're going to do on that?
0:50.2	Well, in terms of inflation, you're right. And it's almost inflation over the economy, if you want to
0:55.4	really know, because people are getting wiped out like never before. I think it's the highest
0:59.8	inflation we've ever had. They say it's the highest in 48 years. I think it's the highest ever.
1:05.2	There's never been any mess like this. And it's because of what they did with energy. Also,
1:10.0	then they topped it with spending
1:11.4	with money that trillions and trillions of dollars that they didn't need that's being just wasted.
1:16.6	But the first thing you have to do is get the energy down. If you get the energy down, other
1:20.4	things are going to follow. You want to get the interest rates down to. And interestingly,
1:24.6	even interest rates are going to follow energy because it's going to take that burden off the shoulders of the economy and off the shoulders of inflation itself.
1:33.7	And we are going to drill at a level that you haven't seen since, let's say, four or five years ago, but even more so.
1:41.2	We would have been so dominant by this point.
1:43.5	If you remember, when you go back to the beginning of this really failed administration that weren't right now, what they did was they turned off the energy. They turned off everything that I had built.
1:54.5	So you turn back on the Keystone. You're going to turn back on the drill baby drill line in the, in your acceptance speech at the convention.
	...

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