Milton Friedman Warned Us About Government Spending Crushing the Economy and the Democrats Must Not Have Listened [VIDEO]

Joe Biden has a serious inflation problem and by all signs, he’s doing everything he can to make it worse. By the day!

Only the government can create inflation. By adding more money to the money supply without any new goods and products being manufactured to be purchased with that new money, the extra money added to the economy is chasing the same products that were there before the money was added to the money supply. That always causes the price of the limited things to purchase to go up. It’s not the retailer’s fault. It’s not the manufacturer’s fault. It’s the government’s fault.

To borrow from James Carville, “It’s the economy, stupid,’ with government being stupid.

Joe Biden and the Democrats have spent us into oblivion, mostly to buy votes, and their spending, along with COVID lockdowns that closed manufacturing businesses, and the supply chain problems that transportation secretary Pete Buttigieg- edge-edge-edge doesn’t seem capable of fixing for the US, the products and goods needed for consumers aren’t being manufactured, so all the money the Democrats and Biden have added to the economy is chasing the same products.

The democrats knew this all along but they decided to lie to us by first telling us that there was no inflation, and then when they couldn’t hide behind that lie anymore, they told us the inflation, that we all felt every time we went to the grocery store, was “transitory,” meaning it is only happening because we are in the Great Biden Transition from when the economy was booming under Trump era economic policies to the complete failures of the Biden economic policies that have been wrecking our economy since day one of this incompetent administration.

How much have they spent? In 2021, the Biden government spent $6.82 trillion. The Democrats in Congress approved it. Not a single Republican voted for that spending.

This year, the Democrats passed the Build Back Better (a World Economic Forum slogan for their fascist Great Reset) spending bill that will spend $1.75 trillion.

Now, Biden is unconstitutionally buying student loan debts in the hundreds of billions of dollars and it’s all to bring those people to the polls in November. You are going to be paying for other people’s loans to help the Democrats get votes. That has to be illegal.

You cannot introduce this much money into the money supply to chase the same products that were on the market prior to the money magically appearing without creating massive inflation.

The late, great economist Milton Friedman once talked about the four ways you can spend money.

1. You spend your own money on yourself. When you’re buying something for yourself with your own money, you tend to want to make sure the quality of what you’re buying is the very best for the money you’re willing to spend. Most people are careful that way.

2. You spend your own money on someone else. If you’re buying a gift for someone, you want it to be of value better than crap because you would look bad if you bought a crappy gift, but you’re not likely to spend as much on the gift as you would spend if it was something you would buy for yourself, so while the quality of the gift would be good, it just wouldn’t be the best.

3. You spend someone else’s money on yourself. When you’re spending someone else’s money on yourself, you spend all you want, because you’re not worried about spending your own money, so you want to get everything you can out of it. An example would be if your boss gave you the company credit card to go out to lunch. You’re going to spend the company’s money on the best lunch you can get because it’s not going to cost you anything.

4. You spend someone else’s money on someone else. This is the government scenario. When you spend someone else’s money on someone else, you don’t really care how much you’re spending and you’re not too worried about the quality of what you’re paying for. As a human being, you want to be compassionate in how you’re spending someone else’s money on someone else, so you will have an extra incentive to spend carelessly.

# 4 is the worst way to spend money and that’s exactly what Joe Biden and the Democrats have done. Never forget that everything a Democrat does these days is political, and they’re not spending your money on people you don’t know because they’re being unselfish. They’re buying votes.

In the pattern that has developed over the last five years, we see that the Democrats are willing to do anything they can to hold on to power and so they are will to burn our economy to the ground by spending more money than ever before so long as it helps them get reelected. They don’t give one damn about you and your economic prospects. It’s all about power. You should remember this come November because what the Democrats have spent since Joe Biden took office will haunt all of us economically in high inflation for a very long time. Do not embrace the suck. Fight back and vote the Democrats out of office and include any RINO Republicans who joined them in spending us into oblivion.

You have to spread the word that if the Democrats remain in control of the Congress, they will spend even more money and make inflation even worse, possibly, God forbid, turning into hyperinflation, and then we’re all screwed.

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