"If tariffs caused inflation, China would have hyperinflation... Government spending and printing are what cause inflation."
— Peter St Onge, Ph.D. (@profstonge) July 7, 2025
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When people look at the enormity of this thing like the talk of plus private dining rooms elevators and I don't think a lot of folks realize how huge the Federal Reserve System is they've got a budget of 6 billion dollars they've got $24,000 employees that's the kind of bloat that invites bureaucracy and also the reason why they don't move so quickly it also underscores that the FED may have too many tasks I just want your thoughts on all of this.
00:43. Hi Charles you are absolutely right hundreds of economists and nobody pays attention to monitoring Aggregates and nobody seems to pay attention to what really drives inflation and growth this is what worries me what really worries me is that the Fed has been overtaken by a bunch of Keynesian and economists that are constantly creating models that only justified bloated government spending the enormity of the Keynesian policies impacts and never to say what really drives inflation which is government spending and money printing
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