75 Basis Point Rate Hike May Signal Peak Hawkishness – Ep 820
The Peter Schiff Show Podcast
00:00
Why Shouldn't We Be Blaming Inflation?
Inflation is effectively giving every worker a huge pay cut. Even though these workers still have jobs, they're going to spend a lot less in real terms than they used to. And that can cause a recession. The president accused xon of making more profits than god. But if xon mobile wants to charge a market price, somehow it's gouging and we need to take away their profits. Of course, the democrats want to increase taxes. They want a new version of a windfall profit tax. Well, what is the profit tax going to do? It's going to diminish the money that oil companies have available to invest in more ex ration and more drilling. We just
Transcript
Play full episode
