Ep. 4 | The Federal Reserve Series | Inflation Doesn't Just Happen

Inflation didn’t just happen — it was caused.

In this episode, I break down the 2020–2024 inflation spike, its connection to failed policy, and why it became the #1 reason voters turned away from the Biden administration.

Transcript:
Welcome back America, A Working Man's Guide. Let's jump right back in. So last time we're talking about the overall picture with respect to inflation, stable purchase. So here's our line at zero. That means no inflation. Our currency is stable. Well, as we commented, overall, we are getting better over time.

Now let me point out the policy aspects to this, so you see these spikes and these dips along the way. We could dig into each one of those. Those are policy and event related, and oftentimes only policy or bad responses. Bad policy responses to events. There's a story behind each one of these. It would take us a very long time to break that down. But there are human events and there are governmental policies that drive that.

I want to bring our attention to this most recent period here, this spike in 2020, 2021, through and then starting to come down in 2023 and 2024 that is directly related to policy, I want to focus on the expense of that. This spike right here, ladies and gentlemen, is what sent the Biden administration out of office. That was the number one reason this spike and the subsequent decrease in household incomes that resulted from that. That's the number one reason. The second reason was crime. The third reason was the border. Those are the top three reasons. This is number one right here. People do vote their pocketbook as they should. We're going to break that down in terms of cost and opportunity. Take care.