So the federal Reserve, the government's bank, had to go buy a large chunk of that debt. You can look at the Federal Reserve balance sheet. It went way up and They had decreased the money supply. What is inflation? It's real simple. It's more too much money chasing the same amount of fixed goods and services. And this guy doesn't even understand the basic concepts of this. (03:37–03:40)
CLAIM
Asserts that the money supply was decreased.
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