I don't know who this lady is but she did a great job in these clips. I might need to watch the whole episode.
Very satisfying to see two neoliberals getting called on their bullshit. Bill and whoever the other dude is are bitching about the COVID relief money being the primary cause of inflation. Krystal points out she doesn't hear any bitching about the TRILLIONS the Fed pumped into the stock market in 2020 at the very start of COVID.
Bill doesn't even
remember the Fed bailout. Why should he? It helped prop up
his portfolio. That increased the money supply significantly. By the rules of neoliberal economics, funneling trillions to the wealthy somehow magically never affects inflation.
I remember we recently spent 10 trillion on two totally optional wars. The vast majority of which went to a handful of private companies. It's not like we raised taxes to pay for it, so that absolutely increased the money supply. No worries though. But when some poor schmuck working at Jiffy Lube gets a $1200 check from the government, that will collapse the economy.
They lightly touch on this, but despite what the Milton Friedman's of the world would have you believe, "the supply of money" isn't even the biggest cause of the inflation we're experiencing. If corporations took the same
rate of profit they enjoyed pre-pandemic, inflation would be half of what it is now. And those same business geniuses gouging us all now built a global supply chain on thin ice, so when the VIDS hit everything collapsed. The money supply is, at best, the third biggest cause of inflation.