4.6 • 682 Ratings
🗓️ 22 August 2024
⏱️ 9 minutes
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0:00.0 | brought to you by the every dollar app start budgeting for free today we're going to take on |
0:07.5 | some economic issues we've been talking about some economic issues because they affect your actual |
0:12.2 | pocketbook and this is this is a show that is about your money and how it affects your life |
0:19.6 | and and so we preach a lot of personal responsibility. We preach |
0:24.5 | control what you can control. However, we want to not just inform you on how to get out of debt, |
0:31.5 | how to do a budget. We want you to understand how economics work and economic policies because |
0:37.1 | you have a say in it. And so don't |
0:40.2 | get squeamish. Don't get nervous. We're not going left. We're not going right today. We're going to |
0:44.6 | talk about, as we as I talked about a couple weeks ago, Rachel, you missed it. I talked about the one |
0:49.3 | issue that I think American people ought to be uniting on in this election is the national debt. In other words, |
0:56.1 | we need a constitutional amendment that would require a balanced budget like many states, the state |
1:01.8 | of Tennessee, the state of Virginia where I'm from. Many states have a constitutional requirement |
1:07.0 | for a balanced budget. So big in the news. In fact, Dave was on Fox News talking about |
1:13.6 | Laurel Ingram heading on the Ingram angle to talk about Vice President Kamala Harris's economic |
1:19.8 | plan and specifically it's been floated that she would be in favor of price controls to control |
1:26.6 | inflation. Okay. So I want to break this down very, very |
1:30.4 | briefly. I went and did some research. This is not my opinion here. I'm going to walk briefly |
1:35.7 | through about 11 things that would happen. This is from a well-known economist that understands |
1:42.0 | food and food pricing. But let me first explain, Rachel, and to our |
1:45.8 | audience, price control the ideas. It sounds really great on the surface, right? Wait a second. |
1:51.1 | You mean the government can pass legislation that would say, we have to keep prices at this |
1:56.0 | much? And it sounds really great because, oh, the price of a combo meal or the price of groceries. |
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