The Ben Shapiro Show Ep. 1397 - Team Biden's Attack On Bitcoin
Dec 16, 2021
Interest rates are set for potential hikes as inflation rises, sparking debates on the Biden administration's economic policies. The turmoil within the Democratic Party complicates efforts for a $1.7 trillion spending bill amidst internal tensions. Cryptocurrency regulation emerges as a hot topic, with discussions on its benefits compared to traditional banking. Additionally, insider trading among Congress members raises ethical questions, while Biden's views on freedom during the pandemic spark further controversy.
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Interest Rate Hikes and Their Impact
- The Federal Reserve's interest rate hikes are intended to combat inflation.
- These hikes can slow economic growth and increase unemployment, especially without accompanying tax cuts and deregulation.
Biden's Economic Policies
- Joe Biden's economic policies differ from Reagan's approach during the 1980s.
- Biden is increasing regulation and taxes, potentially leading to stagnation.
Biden's Fiscal Policy
- Biden's economic policies involve increased regulation, taxes, and social spending, which could worsen inflation.
- These policies contrast with incentivizing business investment and reducing the tax burden.