@ZeroSum06 where is the lie?
Inflation means inflating the money supply. First it flows into assets & securities but seldom to never does it flow to the peasants.
The market reacts to exponentially more dollars in circulation chasing the same amount of goods by prices rising. He paid it lip service at the end minimalizing what the chief problem & cause is as a mere afterthought.
@ZeroSum06 I read it as him saying the gov intentionally devalues the peasants' money as a form of taxation. He seemed to be drawing attention to it (as the average person seems to not understand this concept)
@rw that's the catch, most people don't understand, it's blame Biden, blame Trump, etc etc, they're both complicit/have a hand in it