Biden Passes the Buck on Inflation – Ep 815
The Peter Schiff Show Podcast
00:00
Do You Need Lower Inflation?
A year ago, before prices of houses went up by 21 point two %, you could buy a house and take out a mortgage at three and a half %. Now to pay 21 point two% more for the house, you also have pay five and a half%. And it's a much bigger mortgage because you bought a much more expensive house. This is stagflation on stareyes. This is an inflationary depression. If you want lower inflation, what do you need? You need less money and more stuff. We're printing more and we're producing less. That means inflation is going higher, not lower,. The economy is slipping into recession.
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