2021: A Year of Peak Speculation – Ep 764
The Peter Schiff Show Podcast
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What Happened to the Supply Side of the Supply Chain?
I was one of the only people that pointed out that inflation was exactly what we needed to worry about. The rest of the economists, or the market pundants, were simply focusing on the demand side of the supply and demand equation. But also, we didn't have a drop in demand. I knew demand was going up because the governments, particularly the federal reserve, was flooding the economy with dollars. And instead of people reducing their consumption along with their production, they wanted to consume more. They were spending more because of the asenine monitary and fiscal stimulus that took place during the pandemic. It is a much bigger problem than the government admitsb even though the official rate is
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