So when you're out in a marketplace purchasing equipment like this or feed for your cattle, if your dollar is worth more, you can purchase more feed for your dollar and it stretches further. Stretches, yep. But When the government inflates the currency by pumping a bunch of money into the system, that's not backed by production and we have this inflation. while things cost more, your dollar's worth less. So it's a hidden tax on the people when government does this. (09:03–09:14)
CLAIM
Asserts that government-induced currency inflation not backed by production causes 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.
