He calls it a disturbance. How much pain should Americans brace for? How much will inflation go up and for how long? Okay, if you balance the budget, it's not inflation. Tariffs do not create inflation. Printing extra money creates inflation. Like I try to describe it, if we all had $1 trillion, and that's all the money that was there, okay, and your shoes had a tariff and my shoes didn't, then my shoes would just be cheaper than yours. (23:01–23:07)
CLAIM
Asserts that tariffs are not responsible for inflation, but rather the printing of extra money is.
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.
