Episode 3368: Biden Falsely Claims No “Long-Term Inflation”

But inflation is the direct result in in the increase in the money supply Federal Reserves tries to hide severe inflation behind temporary price hikes Joe Biden claimed there would be no “long-term inflation,” an impossibility given the amount of money that’s been printed since early 2020. In short, an increase in the money supply always leads to an increase in inflation, and all the Covid unemployment checks and other cash benefits weren’t funded fully by tax revenues.