Bad government leads to bad inflation

Inflation is rising sharply. Today, it’s 7%. What went wrong? ———— To make sure you see the new weekly Stossel TV video, subscribe here: https://www.johnstossel.com/#subscribe ———— Senator Elizabeth Warren Blames “Corporate Greed” be responsible for inflation. “It’s a question of price gouging,” she said. Absurdity. Prices change due to supply and demand. Inflation results from “too much money chasing too few goods. So if the government spends more money, it’s more money chasing too few goods,” says economist David Henderson. Our government is spending more money. In recent years, the Federal Reserve has printed far more money than ever before. Once inflation starts, it is difficult to stop. In Zimbabwe, they ended up printing $100 trillion notes. I guess that won’t happen here. But with politicians on both sides wanting to spend more, it could happen here.

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