Ben Carson: Saddest part of Biden causing massive inflation is effect on children, next generation
By: Fox News Staff
Dr. Ben Carson is exactly right on about this. He makes great points about not following in the footsteps of other nations and that we know better. The kind of inflation and interest rates these policies are going to trigger will make us long for the days of Jimmy Carter’s national malaise.
S E E D E D C O N T E N T
Retired pediatric neurosurgeon Dr. Ben Carson , the Housing and Urban Development secretary, sounded off Friday on "The Ingraham Angle" blasting President Biden for hurting the future of America's children by creating mountains of debt and deficit while ushering in inflation.
DR. BEN CARSON, MD: The sad part to me, having spent my entire professional career as a pediatric neurosurgeon and being concerned about the welfare of children is seeing what we are doing to their future. These things can be done without consequences and it was Thomas Jefferson who said it is immoral to steal from future generations.
It's exactly what we are doing, creating mounds of amazing debt that somebody is going to have to do with. Not only that, but currently, you look at the impact of flooding the system with money, but not having the equivalent abundance of services and goods -- that automatically creates inflation, as Milton Friedman eloquently talked about.
It's almost as if we have read all the books and we have said, yes, we too want to have the same problems that Argentina had and that Venezuelan had, and all the countries who did the same thing had somehow we are going to be different.
I don't think we're going to be different. We are smart enough, and I think the average American person knows we are creating a monstrous problem for ourselves.
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ENOUGH SAID
Ben is awake? That's certainly news.
The
RepublicanAmerican Fascist Party has predicted runaway inflation every time a Democrat has won the Presidency, since at least Reagan.They count on their followers' lack of memory to avoid their noticing that despite being constantly predicted, it has not happened. So they assume (rightly) that their memory-less followers will believe them yet again, as they spout the same old disproven crap.
It must be nice to have brain-dead followers.
Meh, I’m not worried, supply is going to increase to meet demand. The problem is production slowed down due to the pandemic and it’s gonna take a minute for it to pick back up.
Lol what?
I honestly forgot that guy even existed. But he has been comatose for a few years so it’s easy to forget him.
Saddest part is that Captain Sleepy doesn't know what the fuck he's talking about. The President has almost zero control over inflation.
" Presidents Have Less Power Over the Economy Than You Might Think "
"the White House has no control over the demographic and technological forces that influence the economy. Even in areas where the president really does have power to shape the economy — appointing Federal Reserve governors, steering fiscal and regulatory policy, responding to crises and external shocks — the relationship between presidential action and economic outcome is often uncertain and hard to prove."
" The president can select appointees who align in terms of philosophy and instincts, and may select Fed governors who are more competent — or less. But the Fed system is designed to maintain independence from the administration once the appointments are made."
Ben Carson may have studied brain surgery, but he's not very smart when it comes to fiscal policy and apparently neither are the Trump supporters or those infected with Fox Newsitus who still buy his bunk.
That's when you know the shit is starting to hit the fan.. When the party in power says "hey, the President really has no control over the economy," they know trouble is on the horizon.
Spending trillions of unnessaery dollars, deincentivizing work and pushing consumption with free money is the textbook way to create inflation. Slow Joe can't plead ignorance now.
You'll notice that article was from Jan. 17, 2017.