Recession Rears Uglier Head Than Inflation – Ep 821
The Peter Schiff Show Podcast
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Gas Tax Holiday - Is This a Smart Plan to Fight Inflation?
On the political front, joe byden's latest plan to fight inflation is to have a three months suspension of the federal 18 cent per lan gas tax. Now this is not a smart plan economically, if your goal is to help fight inflation. And then we got more weak housing data. This time it was existing home sales. They dropped from five point six million annualized in the previous month to five point four one million. The month over month decline was three point four %. And year over year, the decline was eight point six %. If you want to fight inflation, you need contractionary fiscal policies. We're getting, supposedly, a contractionary monetary policy from the fed
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