What does that mean? That means they bought the debt being issued by the federal government, and in doing so, they created more money. So The money supply grew by about 39%, the highest rate we've ever seen in our country's history. Well, what is inflation? It's too much money chasing the same amount of goods and services. So there's no surprise that inflation took off. And what has been the result? (11:17–11:26)
CLAIM
Asserts that the U.S. money supply grew by 39%, the highest rate in history.
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.
