Biden Plan: Print More Money
If in some Bizarro world Joe Biden and the Democrats sweep into the White House, win the Senate and keep the House, watch out America! Goldman Sachs warns that the burst of spending that will flow through Democrat Party priorities, such as green jobs, climate change and a monster $2 trillion-plus stimulus package, will benefit Americans. But in truth, the massive spending promises to front-load the economy to the point that generates inflation and an eventual intervention from the Federal Reserve.
Says Stephen Green of Bill Whittle’s “Right Angle” triumvirate, “You can only juice the economy so much by spending money you don’t have. You’re going to have to pay for it eventually. And what Goldman Sachs wants to do is … we’re speeding toward this cliff and they want to hit the gas.”
Green is joined by Whittle and moderator Scott Ott to discuss the doom-and-gloom scenario.
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