The Ben Shapiro Show Ep. 1394 - When Will The Biden Inflation Bubble Burst?
Dec 13, 2021
The podcast dives into the alarming rise of inflation, marking a 6.8% increase and its potential impact on upcoming elections. It critiques recent economic policies and their effects on small businesses, highlighting workforce challenges. The discussion also touches on the Federal Reserve’s role in overspending and rising deficits. Additionally, there’s a focus on parental discontent regarding COVID-19 school policies, questioning political leadership and its consequences on safety and education. The episode emphasizes the importance of personal responsibility in these turbulent times.
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Misleading Unemployment Rates
- The Biden administration is claiming the economy is thriving due to low unemployment rates.
- However, these rates are artificially low due to government stimulus and an artificial labor shortage.
Soaring Inflation
- Inflation hit its worst levels in 40 years, rising 6.8% year over year, severely impacting households and businesses.
- If calculated using the 1980s CPI method, the actual inflation rate is closer to 14%.
Impact of Government Benefits
- Paying people to stay home causes price inflation and labor shortages, impacting small businesses.
- Many left minimum wage jobs for higher-paying warehouse work, creating strain on small businesses and social bonds.