Neither Biden nor Powell Understands the State of the Union - Ep 871
The Peter Schiff Show Podcast
00:00
What Biden Needs to Do to Build a Strong Economy
Biden wants to pretend that the way you get a strong economy is by the government coming in and just giving money to the middle class. That's not the way it works, he says. What grows an economy are entrepreneurs that can combine the factors of production in such a way to make them more productive. The prosperity that the middle class enjoyed once and they still enjoy some remnants of it today was created by capitalism. It didn't flow from the bottom up or the middle out.
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