Andy Biggs: “Isn't inflation at 8 or 9%.”

“So you have fraud and waste abuse. You have inflationary pressures. And a lot of people were talking about inflation there. But Kurt, you've seen this, I think you've studied this fiscal failure. Isn't inflation at 8 or 9%. What does fiscal failure really look like? Well, it can be a little bit of fiscal failure or it can be a whole lot of fiscal failure.” (14:06–14:09)

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