I wonder if Heath Bishop (aka Hubert Humperdick) ever gets tired of being wrong. The most amusing part of his incorrect facts and arguments is that he is SO cocksure of them!
Don’t forget, this guy was a 7-Eleven clerk for many years. So he must know a ton about economics, right?
He calls everyone an ignorant redneck, says the answer to inflation is so easy a high school kid would see it, but then never bothers to explain his argument.
That’s because he has no idea what he’s talking about. Biden’s policies most certainly DID cause inflation. He massively increased the money supply. When you have WAY more currency units chasing the exact same amount of “stuff” (food, gas, Amazon crap, housing), then PRICES RISE. Very simple.
It’s actually WORSE than that. There was LESS “stuff” being produced at the exact same time he was inflating the money supply – because losers and bums didn’t have to pay rent or student loans anymore (more Biden policies) so why bother showing up for work? So they didn’t:
US Productivity crashing 7.5% in Q1 – that is the biggest drop since 1947
But don’t take MY word for it. Let’s hear what Janet Yellen has to say. She’s Biden’s Treasury Secretary and supposedly an economics genius with a PhD!
Janet Yellen Admits Biden’s Spending “Did Feed” Inflation
But I’m sure Heath Bishop the 7-Eleven clerk in Kempner is WAY smarter than Yellen. Just ask him.
So, to recap for morons like Heath Bishop: a LOT more currency units chasing LESS stuff = more currency units per unit of stuff. That’s inflation. Q.E.D.
Heath Bishop cannot admit this because then it would mean his hero Biden is to blame for the shitty economy, and we can’t have that.
They don’t come any dumber than Heath Bishop. If Biden took a shit in his mouth, he’d say “thanks for the delicious chocolate!”
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” – Milton Friedman (famous economist who is WAY smarter than Hubert Humpback Whale)