Powell Promises Pain, Markets Deliver – Ep 836
The Peter Schiff Show Podcast
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Why Is It Not Inflationary?
This is inflationary. It's just like a tax cut. Money that was supposed to go to the government is not. You don't cut taxes if you're trying to fight inflation. If anything, you'd be raising taxes. But there are no cuts in government spending. All they're doing is allowing more money to stay in the hands of the public. And the public is going to take that money and bit up prices. This is an outright bribe to voters going into the mid terms. You see what happens whenyou vote for democrats. You get all these freebees. The vast majority of people with loans are going to qualify for this relief. Now it doesn't apply to
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