The unemployment rate rose by 3.8%. Now watch this,

believe it or not, a rising unemployment rate

is actually good for the economy.

The oxymoron, right? It's's kind of like saying I want to use hot ice.

And it doesn't make sense, but it's a truth. You feel me? Here's how that goes.

I need you all to

I need y'all to pay attention to this one.

According to the Fed I need y'all to pay attention to this one.

According to the Fed, the more people without a job

means the less money in circulation, right?

The less money in circulation means inflation can level off. I gotta make sure I say this right because I want us to understand why they want this to happen.

So the more people we have laid off, the less people will spend money.

The less people that spend money, the more money they can take out of the economy.

Does that make sense?

The more money out the economy,

the more inflation can come down.

Why does that make sense?

We are now in an economy that is living off of the residue of the pandemic.

Trapp, why do we say the residue of the pandemic?

Okay, during the pandemic, we printed seven trillion dollars in the economy.

So because we put seven trillion dollars in the economy,

that then put a whole bunch of new money in the economy.

...