Bad Government Brings Bad Inflation
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- เผยแพร่เมื่อ 31 ม.ค. 2022
- Inflation is sharply up. Now it's 7%. What went wrong?
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Senator Elizabeth Warren blames "corporate greed" for inflation.
“This is about price gouging,” she says.
Nonsense. Prices change because of supply and demand.
Inflation results "from too much money chasing too few goods. So if government is spending more money, that’s more money chasing too few goods,” explains economist David Henderson.
Our government is spending more money. In the last few years, the Federal Reserve has printed much more money than ever before.
Once inflation starts, it’s hard to stop.
In Zimbabwe, they eventually were printing 100 trillion dollar bills.
I assume that won’t happen here.
But with politicians from both sides wanting to spend more, it could happen here.
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To the young generation that do not understand price controls and the road to socialism :
1- the price of milk goes up because of increase cost of food, wages, production
2- government price fixes , and now to sell milk, the producer LOSES money,
3- Loss of money is not worth it, so the producer stops producing milk
4- Shortages occur and people complain and blames "corporations" for being greedy again and demands the government do something.
5- Government seizes the producers milk factory to produce milk, and they do it at a higher cost anyway.
6- Inflation grows worse because the cost of milk is being paid for by the printing of more money to pay for taking over the factories and paying workers.|
To those that think this model is theory -- this is exactly what happened in Venezuela.
Don't forget that in 5, the government hire their friends to run the "acquisition". Crony capitalism doesn't work, free market entrepreneurs make the world go round.
Let's go Brandon
All because of stupid pork barrel politicians in Washington. Voters ? 👂 what are you going to do about it ?
No use explaining to democrats. They're too stupid to understand
Very useful information
Lot's of things go up faster than the rate of inflation because companies like to try and price gouge people.
Also, one thing I'd like to point out is that all that newly printed money didn't just vanish into thin air.
Wages are supposed to be paid by businesses and not govt right? Businesses paying stagnant wages kind of makes it worse. If they increased their wages in line with inflation then inflation would be kind of irrelevant.
John Stossel is an American hero and a legend
I dunno about the beard though. His mustache is too iconic.
Stossel 2024?
(Why not?)
He’s a national treasure. Spike Cohen/John Stossel 2024!!!
He is iconic
Stossel is the man.
The irony of members of congress calling someone else greedy.
I've been watching John Stossel since I was a kid. Even then, he caught my interest based on his reporting. Now here I am, an adult and appreciating him even more.
I just like that he is not afraid to expose problems and try to get us to see what is happening. He doesn't try to make it less harsh just because it is too painful for some people, he tells it like it is. He doesn't try to hide facts simply because a politician doesn't like the facts.
I stumbled on a report of his when I was kid. Stossel presents things in a quirky, enjoyable way. He made me realize that world issues, politics and economics could be interesting.
Imagine if they actually did an Audit on the "Federal Reserve".
Then it would mean that we are finally getting back to the small government system
Someone with a backbone to do the job… one can dream!
Everyone involved would suiside
Imagine if it was illegal for politicians to lie to the American people.
The day before 911 that guy in bushes cabinet (forgot his name) got on tv explaining we can't find receipts for 3 trillion dollars, next day building 7 where they were to start the investigation so happened to fall hours after the towers fell, no fire and nothing hit the building
The worst thing we could ever do, is to ask the government for help
Printing money: the art of taxing savings.
ANYWAY… assets/liabilities. DC always talk about taxes, up and down. I’m 51 and I’ve never heard serious discussion about the liabilities side of the ledger. NO politician (or few) ever push spending CUTS. Anyone can borrow your credit card and buy all sorts of neat things! WOO HOO! 🤨🤪 What’s needed most is for people to discuss, debate, propose, submit and champion …what to cut back on or eliminate.
While growing up, many people see their parents doing this at times. Sacrifice for the family’s sake. Gotta sell the motorcycle? Cancel the membership? No karate lessons this year, Joey? Eventually, the financial situation improves and affordability increases. The amount and duration of sacrifice varies, but this is when you need adults in the room. Like parents, they should love you and do what’s best and explain it, but discipline is part of life.
Individuals, families and companies can’t get away with flaunting the law. Holding the government accountable must be about more than taxes. Until people are ready to talk about what to cut AND be the adults when the whining and demonizing inevitably come? Ignoring the bills and trying not to think about it is irresponsible and leads to more pain. The accusations are made and bleeding hearts throw a tantrum …EVERY TIME.
If falsely accused of not caring about a group of people, say it’s not true and get on with it. Don’t let the kids run the household or they’ll run it into the ground. An ER doctor can’t afford to play games or delegate the task, but some tough choices arise at critical moments.
Limiting all the possibilities of help to create a government monopoly.
the funny part is nobody asked them, they just forced themselves into our lives
As you can see on china, in times of crysis the government always helps!... themselves... look good.
@@junior.von.claire The time preferences of political actors is so messed up. The notion that every 2 years they'll pass a 10 year budget, it'll save move over the 10 year period, but increase it today, and the cutbacks are all to future projects that they'll just fund anyway.
Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2024 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?
Starting early is simply the best way of getting ahead to build wealth, investing remains a priority. I learned from my last year's experience, I am able to build a suitable life because I invested early ahead this time.
I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for the untrained eyes to see. I have made more than 350% through my estateplanner(fa) by alternative investing. The portfolio comes with perks as well.
Mind if I ask you to recommend this particular manager?
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
this Sonya looks the part so i'd do my due diligence and set up a call, thanks.
"Government is not the solution to our problem, government is the problem." - Ronald Reagan
"Joe Biden approves this message"
The jimmy Carter of our generation
Joe biden forgot this message
@@MausOfTheHouse The best thing that ever happened to Jimmy Carter was Joe Biden
Brandon approves this message
brain dead take
Politicians don’t care. Their pockets are always saved by everyone else’s money.
This is the only place I come for news no one does real journalism like John anymore.
Government should stop doing stuff they have no constitutional right to do.
Its a shame that you can like a video only once. Politicians who think problems can be solved with overregulation make me sick.
It makes me sick that people think regulation at all needs to be around
Humans who think government and politicians are a solution to anything make me sick.
" Politicians who think problems can be solved with overregulation make me sick."
If you got covid, politicians did make you sick.
"Its a shame that you can like a video only once." - That's it! One of the shortcommings of democrayc. In the free market, you can vote with your purchases only for what you want and how many times you want. You don't pay for bads like war and politicians devising inflationary policies.
@@TheChcam I'm all for 3rd party regulators. People should be reviewing and critiquing producers, it's just the idiotic idea that they would somehow be immune to their own corruption.
End unnecessary welfare, government spending, bail outs, and extra money printing.
Why don’t we just declare world peace while we’re at it.
That's not how you get elected.
Go try it and good luck with that.
@@keithsj10 the way you get elected is to promise free stuff...
@@keithsj10 the way you get elected is have inside connections. We have none of these.
@@lockwoodthexton they will try to get it with their boot on the people throat.
John actually hammered a thermometer for that gag. What a legend.
You are a wonderful man Mr. Stossel. You speak truth, which is rare now days.
It’s almost like the people in charge of the government won’t take responsibility from their own actions. If they did, they wouldn’t be in power anymore now would they?
They don't have to. No one is accountable. They all have immunity. The SHEEPLE continue to worship
So true, why would we want the people who create all of our problems to fix those problems?
Nothing more dangerous to our country than white liberals.
@@Nikua13 Not a party thing, irresponsible politicians should be held accountable, publicly shamed and never allowed to run again. But any of those things happen? Maybe in the french revolution they did.
@@Nikua13 I'd call them neo-liberals.
By persuasion or force. Government will Compell by the barrel of a Gun!
John Stossel is a truly great journalist. That is why he doesn't work for main stream media.
Because he's not a yes man, and points out mainstream Liberalism as the problem. So' none of the Liberal owned media networks will air him.
I wonder if there's a "john" out there who isn't a true american.
@@trajanoptimus7198 Yes, Libertarian is exactly what he is. Tucker Carlson is at least sympathetic to Libertarian views. I think a lot of people are in line with Libertarian views, we just don't get much voice with all of the Democrat vs Republican stuff in the media.
They blackballed the shit out of him the moment he started going against the grain.
Meanwhile all he ever wanted to do was true investigative journalism. Everyone in MSM should aspire to be more like him.
because he's not a resentful liar that causes unnecessary hysteria the way most journalists do nowadays
John Stossel smashing a thermometer with a hammer made my day 😂😂
They’re absolutely right, inflation is being caused by greed. However, it’s not corporate greed, it’s government leech greed.
Agreed.
There would be no inflation if the government didn't lock us down.
"The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."
-Thomas Sowell
@Vegan Zombie Scarcity states (not implies) that there is not enough of what you call "stuff" to satisfy the needs of everyone who wants it. In other words, it states that all human wants are unlimited (theoretically) but the the resources we have available to meet those wants are limited and also have other uses. More bluntly, to the degree that what we want seems to be in limited supply, it will also seem to us to be more valuable. This is used to maintain high diamond prices, for example - I'm not kidding; my buddy from South Africa was swimming off the coast of Capetown and witnessed a couple of De Beers boats pouring buckets of rough diamonds into the ocean to keep them from increasing market supply and lowering prices.
The Law of Scarcity defines the drive that pushes companies (or individuals) to provide goods and services to others or in certain cases, and as a corollary provides companies with a tactic to keep prices artificially high.
Scarcity applies not only to "stuff" but also to capital, labor, time, etc.
And production doesn't always come first. I can walk through a forest, pick some berries and eat them. Nobody did anything to get them to me but I consumed them. An enterprising individual can witness this then put in the effort to harvest and sell them at a profit - "production" if you will. If his harvests don't provide enough to meet the demand, he (or someone else) can clear some space, plant and tend a crop then _really_ start selling them. All of this occurred _after_ initial consumption and _after_ it was witnessed that there was a demand.
All that said, Sowell's point wasn't to argue the fine points of economics. He was making a dig at politicians who campaign on promising everything to their constituents, which is as possible as Former Vice President Biden's drive to make every American student "above-average."
You can't quote Thomas Sowell here! That's racist!
Except for food. There's plenty of that. There's just no incentive to feed starving people!
We just haven't tried REAL "government" yet.
They just need more money.
The Government caused problems, why won't The Government fix it?!
Oh, right. The more the government intervenes the worse our quality of life becomes.
@@lpsoldin3162 just need more government and agencies and bureaucracies, to look at and make sure that the other old agencies are doing what we need to. Which is exactly why we need more money. And then we'll need another agency to make sure that that money is spent well when giving that to the agencies that are supposed to monitor the agencies of the government for efficiency.
Makes total sense as long as you don't really think about it.
@@mgtowdadTH-camSucksCoxks Yet who monitors the monitors who monitor the monitors?
Thus we have a never-ending cycle of creating agencies to hold other agencies accountable just for those agencies to also become corrupt, wasting time and resources all along the way.
@@lpsoldin3162 so we agree! All we need to do is give more money to the government. Glad we agree! Haha.
@@mgtowdadTH-camSucksCoxks Indeed. What could go wrong?
What's that? Future Generations? Increasing Debt? We're going to have to give up more rights for "the greater good" so these new agencies can 'do their jobs'? Sign me up!
Mr. Stossel. I don't know if you will see this but no matter. I will pray for your continued good health and your passion for the people. Thank you, sir. You are the happy warrior that has impact on the how we understand the world around us. Keep up the good fight.
John Stossel Is the Tony Stark of politics. Great man. Deserves more attention.
But the government gave me a couple thousand dollar stimulus checks!
Meanwhile... average home prices are up $130k in my state. Rent up 40% over the past two years. Used cars up 30%. Groceries way up.
I ended up having to come out of pocket far more out of the last couple of years and getting priced out of the market. But hey, getting that stimulus check felt good!
I didn't take the money. They supposedly still owe me all those checks..lol
@@GTSongwriter you might as well cash it. That money is spent, you not taking it isn't giving anything back
This is the one bit of solace I take. Knowing that the majority of people who voted for Brandon have basically resigned themselves to being losers. They won't ever be able to by a house, they'll spend eternity paying rent to make someone else wealthy. Trump doubled the standard deduction which was the best thing anyone has ever done for the lower middle class who didn't own homes. It gave the same benefit to renters as homeowners. The local cap also hurt the ultra wealthy who paid more than 10k in property taxes. Somehow the magicians in the Democrat party managed to convince their braindead voters that this hurt them.
Either way I'm at least happy that these people are suffering the most, they deserve it.
@@VanquishedAgain Trumpstein is just another piece of their puzzle. He constantly gave more money to Israel that the US needed as always. Every bird has two wings but keep believing they're different.
They printed it anyways, unlimited crispy 20$ bills. That's all that the atm would spit out.
From one of the strongest economies in history to this in a year......let's go Brandon!
Trump helped create this problem. He spent more in 4 years than Obama did in 8, he's just lucky he lost and didn't have to deal with the repercussions of his massive spending.
@@kelbycaplinger5367 Yeah and the dems threatened to shut down the government if he didnt pass spending.
Trump actually did and the dems went crazy, saying the world was gonna end - republicans too.
@@kelbycaplinger5367 sure Trump was spending too much but it was offset because people were actually working and not at home collecting government handouts. Bidens lock downs are a major part of this. "Do not let the cure be worse than the virus".....when you have an incompetent president like Obama in office for 8 years you need to pump money back in where it was starved out of for almost a decade. Don't try to make this a Democrat/Republican issue because I'm a Libertarian...
@@kelbycaplinger5367 He's still in your head. Go back to watching CNN and Colbert.
Strongest economy...😂🤣 You guys will believe anything.
I remember the price controls Nixon imposed. It was disastrous for many producers, especially farmers.
Stossel's role as a reporter is one of the most important things to happen to journalism.
I don't understand how they can state 7% when everything is up 10-40%.
It has to do with how averages work (and gets at the precise reason that "average" is a terrible metric to use to understand what's really going on). Some areas have had much higher increases for various reasons. Others have actually had much lower. They also are trying to look at general "cost of living" which means some things have a much higher weight than others because some are necessities and others aren't.
Its about 15 percent actually .... The funny part is the fact that people really think that the ones creating the problems are going to be the very ones to fix it. Its really stupid but yet here we are.
Just like they think voting is going to fix it, lemmings
@@whiskeytangofoxtrot9403 Facts.
Thank you John Stossel for your world-class work. You're a legend
All of our politicians are lawyers, and not one of them will listen to an independent economist. Truly sad...
The temporary suspension of the gold standard in 1971.
That explains quite a bit.
Abolish all Federal agencies.
Stossel is the hero we need, even thought we dont deserve him.
You were the reason why I used to watch 20/20 when I was a kid.
I like how everything jumped in price, except our paychecks.
My mom got laid off from her job of 20 years because it was deemed 'non-essential'. When she came back after however many months, she wasn't able to afford the bill to cover they required testing not covered by the employer so she's been forced to maintain her current 'interim' highschool job of a cashier at the gas station.
If anything, her paycheck tumbled a good thirteen bucks an hour.
@@uss-dh7909 Tell her to raise gas prices, then she'll be raking in the money.
Working for someone else is modern day slavery. The whole system is to create an endless supply of slaves beholden to a salary or a gov handout.
@CafeNightster If paychecks jumped prices would jump further. More money in the market increases demand which would increase prices.
@@sjdavis80 That's what happened in my country in the early 1980's - there were automatic wage hikes tied to inflation, so inflation simply continued.
First time I've ever seen dollar stores increase their prices to $1.25.
They used to be called five and dime stores. Of course that was when the dollar was still backed by gold. Every price increase since has been due to inflation. The rate it is climbing now is un sustainable. Soon it will be $500 and $1000 dollar bills or a huge crash. It's going to get much worse. 7% is a joke its closer to 20% if not higher. Over 1/3 of all money in the system was created in the last couple years.
Indeed, I am 28 and this is first time I am able to see inflation in month to month prices. It is horrible, the real number is not 7%, but more like 20% or even higher.
@Jack Wilson dude I'm 43. I've watched this for my entire life. Stagnant wages, unsustainable government spending, and reckless money printing. Brought to you mostly by democrats and bleeding heart liberals. Example: safer smoking kits (crack pipes) to the tune of 30 million dollars for undeserved minority communities. Do we have an extra 30 million lying around that we will use for this? Nope we will just print it and add it to the debt devaluing the responsible non drug addicts savings accounts. But atleast this will help reduce drug addiction and homelessness right? Well actually most of that money will be siphoned off by the bureaucratic state paying favors and lucrative government contracts given to family members of elected official's. It's the reason I consider myself and vote republican. Although they aren't much better. The truth is our government strayed too far from the founding principles and has grown too large and overreaching. We are way beyond any "tipping point." Now it's just a waiting game to see how authoritarian they will get to try and prop up the system and cling to power before the people have had enough. The system is broken and the people that have been there for the last 50+ years broke it. Clinton's, Bush's, Pelosi, McConnell, Biden, Feinstein, Fauci, Nadler, Schiff and more. They have controlled the reigns of power for half a century and they failed miserably, forgot about or treasonously subverted the oath and the constitution.
@@jackwilson5542 oh absolutely
When a restaurant has to pay a dishwasher $16-$17 an hour (just as an example), every labor cost also goes up... the cost then gets passed to the consumer (inflation). Will the dishwasher now go back to his pre-covid wage to stop inflation? NO! $15 an hour minimum wage will cause the same effect, but now they'll want $25 minimum wage, this is a never-ending cycle that only ends with great pain for all!
Then go be a dishwasher, today, for 8$ and hour. I double dog dare ya!
Love literally ever episode. This man is legend.
Stossel has some of the finest and balanced reporting ever! If only mainstream media would follow his example.
Just wish Geraldo would do the same he used to be in your face fearless.
he's also a Libertarian, so he's not aligned with either party, meaning he has no agenda.
@Daniel Boone lmao
AOC was seriously arguing recently that it’s not government recklessness to blame, but sheer corporate greed.
Their willingness to dodge any n all responsibility while singing their own praise will never fail to make me want to hurl. These people are vile as they come.
I don't know if you realize it but wages are not keeping up with productivity. The working class has been beaten out of 2.3 trillion dollars since 1970.
She is a communist
We need to rid ourselves of communists and socialism
Don’t forget the precious Bernie’s and Warren’s. Unforgivable irresponsibly for these senior heads who have said the same things.
Yes, I am talking to all you pensioners on fixed income who are screwed. What are you going to do about it ?
@@cl5619 So, you want to rid ourselves of Social Security, Medicaid, Medicare, Unemployment benefits, Public schools, Community Centers, and Welfare for those in need?
Now here's the real issue. The crucial finding is that children adopted by high-SES parents had IQs that averaged 12 points higher than the IQs of those adopted by low-SES parents--and this was true whether the biological mothers of the children were of low or high SES. So the study showed that being raised in a higher-social-class environment produces children with far higher IQ than does being raised in lower-social-class environments. Equally important, the school achievement of children raised in upper-middle-class environments was much higher than that of children raised in lower-class environments. In other words, raising incomes for the bottom of the social class substantially improves IQ for children. This gives China the advantage because their children are getting an advantage in the lower social classes. This is one reason China is coming up so hard against the US. China is doing what the US is not. Communism or socialism isn't the issue, but social justice is.
@@Cspacecat yes. Social security is not welfare. You pay into it. As for the rest. No able bodied person should receive free money. Nobody should be paid to have children.
John Stossel is a National Treasure.
Corporate greed is definitely a factor
Mr John Stossel is gem to the world.
More Stossel and Carlson, less Maddow and Lemon.
My history teacher once told me: "The worst thing you could ever hear as a Citizen is: We're from the government, we're here to help."
Your teacher was quoting the great Ronald Reagan
Fun fact: Reagan was deep in the throws of dementia when he said this quote. Good stuff.
❤🎯💯
you and I live in two completely different planets. I would have been unemployed, homeless during a pandemic if it were not for our state and government
@@mickym.6711 Fun fact: Reagan didn't develop dementia until after he was re elected. Biden was elected WITH dementia.
Stossel actually lived through inflationary periods of the late 60's and all of the 1970's. He knows what's ahead. Been there, done that.
Can always count on Stossel to help explain things with historical context and examples
a real reporter asks the right questions and listens to the answers/opinions of others - todays 'reporters' too often provide their own opinions - thanks john
If it were their own opinions it would be better than it currently is, you would see a lot of different opinions, right now they just repeat the pre-defined narrative and shut down any other opinions.
I wish they would start calling the "Federal Reserve" what it really is:
The American Banking Cartel.
I wish we would just hunt them down and hang them in the town square.
SIMPLE INVESTMENT ADVICE THAT'S GUARANTEED TO MAKE YOU MAKE YOU MONEY = INVEST IN THE COMPANIES THAT SPEND THE MOST MONEY LOBBYING CONGRESS - ESPECIALLY THE ONE'S WHO LOBBY NANCY PELOSI 🤑🤑🤑🤑
Or simply call the Fed the Inflation Department
I loved it when David Schultz slapped John Stossel...😆
Everything has gone up in price. You will find it hard to go to the store and not see prices higher than they were.
An oft ignored message AGAINST mass spending from either party. Thanks, mr. Stossel.
Both parties are guilty of it despite what they claim, and with the new generation of populist coming in, politicians both parties are about to start competing for overspending harder than ever.
Yellen should have stopped at, "I'M READY TO RETIRE..."
When we had ammo shortages in 2020 and 2021. Some places didn't "price gouge" and just put purchase limits. So a guy and his friends could just check everyday and buy it all up, then immediately sell for the higher price people were willing to pay.
The best way to figure out who should get limited resources is to raise the price and figure out who is willing to pay more. More people won't, and that's why product will actually be on the shelf for those who truly want it the most.
One of the best explanations in regards to inflation 👍
All inflation is bad when it's fiat currency being inflated.
The government needs to stop printing money and meddling in the stock markets.
The FED prints money and controls interest rates. The FED is also a private entity ran by foriegn investors. It's NOT a government body. It's a bank just like any other but it's the sole lender to government interests. Then, the American people have to pay back those loans plus interest through taxes, fees, and fines. Maybe we should demand that the politicians pay those loans back with the billions of dollars they make through unregistered (untaxed) insider trading.
@@deek791 I wanted a brief post but in my haste the wording might not be as precise as it should have been.
YES, it is private but the board and chairman are appointed by the president. uuugh! didn't want to write a book about it because it's quite involved
Common sense is not a common virtue. Thanks for showing the light!
Remember to blame DT.
J.Buydin-
I lived for a couple years in a country that a couple times instituted price freezes for a month at a time, in the end it only accelerated inflation. As soon as the price freezes were over prices on some things went up instantly 20-50%. Prices controls only make the problem worse.
Agreed. We don't have price controls now, but the price of many food items has been going up 15% to 50% [ or MORE ] about every 2 weeks on average.
and it stops being a free market society, because no longer will price be affected by demand
That's what government does
Cannot wait for the midterm elections!!!
Stossel stands out as a journalist in this time of Twitter etc. being a primary news source for too many.
John Stossel is the best man who gives us information without bias
Who didn't see inflation coming with all that govt spending? The government knew it was coming and didn't care.
Biden thinks it’s an important asset.
the government needed to prevent a market crash. so they steered towards stimulus. where the government went wrong is they massively overcorrected.
Who is "the government"? It's not this singular thing like The Borg. It's a million people with too narrow a view of the road ahead. I can't stand when people talk about "the government".
The proper way to call inflation is: Unregulated Tax on the poor.
Imagine for a second, who will suffer the most out of higher inflation? The one that barely can save some pennies each day or the one with a billion coins under the rug?
And if people believe that either price controls will work or that inflation isn't bad... I offer my citizenship (Argentina; 50.9% inflation) or my friends' (Venezuela, ~300%)
Yet, the "poor" which historically have voted democrat will stay the course.
@@SuperDave Yeah... It doesn't help that politicians try to save face and blame it to others (Ex: "price gauging"/"corporate greed"/"price complots")... Literally lying to people in their face, directly
Yes but if the U S tries socialism it will work . We just need to try it!
@@mobilemoke Is not working. Never will.
@@conagri5000 you don’t get it we are trying it in California and a lot of people don’t have to go out and get omicron (Covid19) they get a liveable amount of money and get to stay home SAFE
Stossel for President!
This is insanity…. Tighten the belt…
I'm from the Government, and I'm here to help.
Those words should strike fear in the hearts of every freedom loving free market individual.
That’s a great quote. Die you come up with it?
Me: You can help by leaving.
There’s no stopping this. There’s no voting our way out of this.
Your precious "voting" is a lie and always has been.
Walter Williams while subbing for Rush about 20 years ago mentioned that prior to the decoupling of the dollar to gold you could by 2 suits for $40 I think (I don't remember the exact price). He said once they decoupled the dollar and started printing them non-stop as they do today you could no longer get 2 suits for the $40 but the value of that amount of gold was still worth the same as the 2 suits as it did in the 1800s. This is why we need to return to the Gold standard. figure out the optimal cost for an ounce of gold and then enshrine it in the Constitution. We can only have $XXX in circulation at any one time and not a dollar more.
Keep rocking that beard, sir! Thanks for all you've done over the years. Love your videos!
You don't need College or University degree to understand this, all you need is common sense which is a very lacking skill these days, and that has been on a decline since I'd say the 60s if not earlier.
I understand what you mean but may you elaborate? Why do you think it's been on the decline from the 60s?
Common sense ain't so common.
Unfortunately the American people decided long ago that they wanted government involved in their lives beyond basic services. There is little sign of any recognition of this error in thinking so it is all here to stay unless there is a revolution. We have the government, economy and society we wanted and deserve. RIP, America.
Democrats are too stupid to realize that it govt spending is bad and Republicans in congress are too weak to do anything about it.
@@VanquishedAgain Stop being tricked by the labels. Politicians from both sides lie and spend and promise free stuff to gain and keep power. This is human nature. We are short sighted and greedy. It’s why all nations eventually fail, and ours will be no exception.
@@jiujitsustudent604 agree! Republicans go on TV and complain about the democrats overspending and turn around and pass similarly overpriced bills.
Thanks John for presenting this information in a way that is easy to understand.
It's insane that John Stossel is in his 70s
“There is no inflation in Ba Sing Sa.”
Inflation is so bad, John Stossel cannot even afford a razor!!!!!😵💫😵💫😵💫
Based chad barbarians don't need razors, only to speak truth.
That beard looks proper on him.
Corporate greed is true as a worker we see it everyday
It’s insanity…. Reign this crap in… tighten the belt!
“Inflation is always and everywhere a monetary phenomenon.”
-Milton Friedman.
Truth from uncle Milton
SIMPLE INVESTMENT ADVICE THAT'S GUARANTEED TO MAKE YOU MAKE YOU MONEY = INVEST IN THE COMPANIES THAT SPEND THE MOST MONEY LOBBYING CONGRESS - ESPECIALLY THE ONE'S WHO LOBBY NANCY PELOSI 🤑🤑🤑🤑
@@JIMDEZWAV you make the most money investing in yourself
My blood starts to boil when ALL politicians can’t do 2nd grade math.
The bottom line of all of this is that excessive government regulation, intrusion into small and large businesses has driven production overseas. Trump was convincing businesses to come back to the U.S. so in retaliation, Chinese Communists CCP took retaliation by planting a virus in the U.S. which gave the Democrats an excuse to illegally modify election protocol which allowed them to cheat to an even larger degree than normal which resulted in a stolen election and the present day catastrophe. What the Chinese communists did was basically an act of war. What the Democrats did was an act of treason.
They can do math the problem is they weren't doing math for us.
@@fastfreeks their primary concern is for themselves.
I don't understand how people don't understand this.
Reminds me of when Germans had to use a wheelbarrow to carry enough deutschmarks to buy a loaf of bread. Everything old is new again. You're Rockin the beard John! Looks good!
"A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923."
THANK YOU STOSSEL!! I've been preaching this to deaf ears for many years. It's not that things are getting more expensive, but that the intrinsic value of the dollar is shrinking with each new dollar the FED produces. And when you research the root causes of today's inflation, nobody mentions this. You can't just infuse an economy with extra money.
We once led the world in production, and that's what made this nation so wealthy. Now folks want to rest on their laurels while the progress we've made rots beneath them. We can blame it on greed but the silent companion to greed is sloth.... aka: laziness!
What happened to the ambition and industriousness that once embodied the greater portion of Americans?
They realized that they are serfs and gave up.
We outsourced our prosperity to other countries, and now their economies are booming, China being the leader.
When it pays to be lazy, you get more lazy people. My niece with two adolescent children can scoff at a job paying $11 an hour plus benefits because she lives in government subsidized housing, and is supported by her mother. She also received stimulus checks, enhanced unemployment comp, lucrative child tax credits, child support, and EBT food cards. She has never held one job longer than two years. I remember when most people would not quit a job unless they had another one lined up. The concept of work ethic is being lost on those who just want cushy jobs that pay them well.
All that industriousness got compacted and injected in the veins of one man. Elon Musk.
As the population of the country grows its only natural to think that the quantity of currency must grow along with it. For example, there has to be more currency in circulation today than in 1900 because of population growth. What the government is doing is producing currency that won't be supported by population until 2100.
Our government doesn’t care most are old enough they won’t live long enough to see the hell they are about to cause us all. FJB
It's not YOUR government. Never was.
John you are the best that ever was!
Once the prices raises it never go,es back to the same price
Every thing John said today, I learned in high school many decades ago. It was a business course that covered the past history of business in the U.S. and other countries. I was especially interested and amazed in Germany's major rise in inflation and how it came about.
It's too bad that these subjects are not taught very much in most schools today.
In fact this generation is so absorbed in their phones, they have become stupid.
Even my own grown children and their children are unaware of what is happening in the world, that could affect them and their families now and in the future.
Given the changes intentionally made to education systems to create a generation of blind and unquestioning activists, being on their phones has more chances of them learning anything useful than in schools. Being absorbed in their phones is a symptom and not the cause.
I was shocked that fully grown adults with college degrees didn't understand why passing the multi trillion dollar Build Back Better bill will increase inflation by so much more. I would point out examples in history where the government spent too much money they didn't have but they just snuffed me off. It's insane how a large portion of this country does not understand basic economy.
Yeah it’s frustrating to see people talk about the car shortage and prices going up and their solution is, price control. They don’t know how prices work.
Stossel is one of the few calming presences in politics
I haven't watched mr. Stossel videos for awhile and now he's got a full hair on his face🤣👏
Us essential employees got screwed the most. We didn't receive anything while everyone sitting at home got $600 extra a week. As a result, we have inflation and people that don't want to work. My company is offering big bonus checks for new employees and again we get shit
I was an essential employee as well. Had to carry identification letter, WTH? People coming into the store with their EBT cards and lots of money, buying things that they normally would not, when they HAD to work for the money. I did however get a little extra on my paycheck. (For about 6 mos.) There was a rumor going around that said (you have to pay back the extra income).
@@ileftholland we will never get shit. Democrats couldn't push $15 an hour if they gave us money. They are the party of the very rich and the very lazy
600 dollars a week is horrible.....
I worked at a grocery story in Austin, TX when Nixon placed price controls on beef. The owner had two stores and was also a cattle rancher. He used his on supply of cattle to stock our meat counters. The manager of the Safeway store down the street from our store came in and loaded a cart full of beef for his family. I was temporarily assigned to help with the meat counter and saw him load up the cartel. When I got off work, I went to the Safeway and saw a massive meat counter empty except for a few packages of cows tongue. Nixon abandon this plan rather quickly. Any politician calling for price controls should not receive another vote EVER!
I don't even understand what you're point is ..
Love this man
Jogn Stossel should have received ten times the amount of prizes he did.
If he wish to maintain the name of liberal; he must unduely weigh down his people, and tax them, and do everything that he can to get money
-Machiavelli
Did he really say that? He was 6 centuries ahead of us
@@MausOfTheHouse Yes.
well he was wrong just print it
Honestly, the minimum we should expect from a politician is a person who can use money properly. This means saving money in case of emergencies.
Politicians at the federal level control the only entity that can legally create US currency. Is that like any other entity in the world? Why should that unique entity follow all of the same rules as the other entities that do not have the privilege and responsibility of the USA federal government?
SIMPLE INVESTMENT ADVICE THAT'S GUARANTEED TO MAKE YOU MAKE YOU MONEY = INVEST IN THE COMPANIES THAT SPEND THE MOST MONEY LOBBYING CONGRESS - ESPECIALLY THE ONE'S WHO LOBBY NANCY PELOSI 🤑🤑🤑🤑
I would love them to take a test before their primary races. The test would include questions like "The current inflation is 8.5% , would it make sense for the government to pass a bill that spends billions of dollars ? Answer yes or no and explain your reasoning..." . Come on, wouldn't you want that test ?
@@snakesghost7817 No. Your test implies that all government spending should stop until inflation drops. It's a really fast way to screw everything up. Ask the Romans what happens when you stop paying your armies.
This video shows how much the politicians and government officials really know - not much.
Thanks, John. l always watch for your videos to pop up. Please keep these videos coming.