In the Tank Podcast, Ep 294: CRISIS! Unemployment, Inflation, and Gas Prices

The Heartland Institute's Donald Kendal, Jim Lakely, and Nate Myers present episode 294 of the In the Tank Podcast, recorded live at noon CT on Thursday, May 13. The ITT crew talk about America suddenly facing one crisis after another, and talk about how they could (and should) have been prevented.

They tackle the unemployment crisis, where (shocker) people getting “stimulus” checks and extended unemployment benefits find sitting at home a better option than returning to work. They talk about the inflation crisis, where (shocker) the government pouring trillions of “free money” into the economy has real-world ramifications. And they talk about the gas crisis, where (shocker) the Biden administration stopping fracking and canceling the Keystone XL pipeline — as well as the Russian hack that crippled the most-important pipeline on the east coast — has a real-world effect on gas prices.

Be sure to subscribe to our podcast on Youtube, Apple Podcasts, Spotify, Google Play, iHeart, and wherever you get your podcasts.

SHOW NOTES:

UNEMPLOYMENT CRISIS?

WSJ - Millions Are Unemployed. Why Can't Companies Find Workers?
https://www.wsj.com/articles/millions-are-unemployed-why-cant-companies-find-workers-11620302440

(Video) - Biden on people being paid to stay home
https://www.youtube.com/watch?v=_HchWtRL0Vw

Reason - The Jobs Picture is More Complex Than It Seems
https://reason.com/2021/05/10/the-jobs-picture-is-more-complex-than-it-seems/

NPR - Biden: Americans Will Lose Unemployment Benefits If They Turn Down Jobs
https://www.npr.org/2021/05/10/995518597/americans-will-lose-unemployment-benefits-if-they-turn-down-jobs-biden-says

INFLATION CRISIS?

CNBC - Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008
https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html

The Blaze - Bank of America warns of HYPERINFLATION 'at the very LEAST'
https://www.theblaze.com/shows/the-glenn-beck-program/bank-of-america-hyperinflation?rebelltitem=1#rebelltitem1

GAS CRISIS?

WaPo - Fuel shortages crop up in Southeast, gas prices climb after pipeline hack
https://www.washingtonpost.com/business/2021/05/11/gas-shortage-colonial-pipeline/

Bloomberg - Gasoline Prices Hit $3 as Shortages Grow on Pipeline Outage
https://www.bloomberg.com/news/articles/2021-05-11/gas-stations-run-dry-as-pipeline-hacking-will-take-days-to-fix