The Megyn Kelly Show Biden's Inflation Blame Game, and Elites' Empire of Lies, with Tyler Cowen and Victor Davis Hanson | Ep. 319
May 11, 2022
Tyler Cowen, an economist and author of "Talent," joins Victor Davis Hanson, a military historian and author of "The Dying Citizen," to navigate the maze of Biden's inflation blames and what's really affecting everyday Americans. They debate how inflation impacts essentials like food and gas, while exposing the elites' propaganda and hypocrisy. The conversation dives into the rise of 'ultra MAGA' in politics, critiques Biden's leadership style, and explores the challenges of identifying top talent amidst cultural and political tensions.
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Stimulus and Inflation
- Excessive stimulus in the early Biden administration fueled inflation.
- An estimated $2 trillion in unnecessary spending raised inflation by about three percentage points.
Inflation-Worsening Policies
- The Biden administration's policies, such as tariffs and student loan forgiveness, worsen inflation.
- These policies prioritize interest groups over lowering the cost of living.
Food and Shelter Inflation
- Food and shelter price increases are a bigger long-term concern than gas prices.
- While gas prices can fluctuate, food and shelter inflation is stickier and harder to reverse.
