The Ben Shapiro Show Ep. 1551 - Yes, Democrats Are To Blame For Inflation
Aug 8, 2022
Delve into the complex relationship between Democratic policies and inflation as the discussion critiques the Biden administration’s fiscal strategies. Explore the implications of democratic socialism on economic rights and the challenges posed by significant government spending. Unearth insights on recent economic recovery trends, global supply chain issues, and the Federal Reserve's evolving views. The conversation also tackles myths about inflation, political accountability, and the potential pitfalls of a $5.8 trillion budget proposal.
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Inflationary Policies
- Democrats embraced policies that led to inflation.
- These policies included increased government spending and easy monetary policy, resulting in more dollars chasing fewer goods.
Bernie's Democratic Socialism
- In 2019, Bernie Sanders outlined his democratic socialist vision.
- This vision, similar to Biden's Build Back Better plan, included guaranteeing basic economic rights like healthcare, education, and housing.
Modern Monetary Theory
- Modern Monetary Theory (MMT) suggests governments can fund programs by printing more money.
- Stephanie Kelton, an MMT advocate and advisor to Bernie Sanders, argued against inflation concerns.