The Ben Shapiro Show Ep. 1516 - We’re In A Recession, So Let’s Trans The Kids!
Jun 16, 2022
The Federal Reserve's recent interest rate hike raises questions about inflation and economic stability. Consumer spending is down as pandemic stimulus wanes, causing concern for retail sales. The Biden administration's energy policies face criticism amid rising gas prices. Intriguingly, the focus on LGBTQ+ rights, particularly regarding transgender youth, seems to overshadow pressing economic issues. Additionally, the debate around COVID-19 vaccinations for young children highlights discrepancies in government messaging.
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Aggressive Interest Rate Hike
- The Federal Reserve aggressively raised interest rates by 0.75 percentage points, the largest increase since 1994, to combat inflation.
- This move signals a potential recession and reflects the Fed's attempt to control the economy, a role some argue is misallocated.
Inflation Target Criticism
- Ben Shapiro criticizes the Federal Reserve's 2% inflation target, arguing that it devalues money and promotes excessive government control over the economy.
- He suggests the Fed should focus on stabilizing the economy during crises instead of manipulating it through interest rates.
Economic Impact of Rising Rates
- The Federal Reserve's projected interest rate increase to 3.4% by year-end is impacting the real estate market and potentially the stock market.
- Declining retail sales further suggest an economic downturn, making stock market stability uncertain.
