California Doesn’t Get to Rule America | Guests: John Solomon & Tulsi Gabbard | 10/11/22
The Glenn Beck Program
The Only Way to Bring Inflation Down Is to Rake Interest Rates
The only way to bring inflation down is to raise interest rates. But when you raise interest rates, what's called liquidity, all the cash that people have starts to dry up. If interest rates are too high, those people that would invest in things like new oil refineries can't do it. The banks call them up and say, you need to put some more down because you're oil. It's not worth as much as you said it was. And if you don't do that, the whole thing goes kaboom.
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