And in that process, they increase the money supply by enormous amount. Well, what is inflation? Inflation is too much money chasing a fixed amount of goods and services. So It's the reckless spending that has created this wave of inflation. that has driven up the cost of people's Food, their gasoline, everything that they touch in life. And it was never transitory. That was just a total misnomer by Jerome Powell, who runs the Fed. (02:25–02:31)
CLAIM
Asserts that reckless spending is responsible for current inflation.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
