In this video, we tackle the detrimental effects of recent inflation on the middle and working classes, particularly those earning around 15 to 20 dollars an hour. We examine how the cost of essential things for these wage earners, such as fuel, transportation, and housing, have dramatically increased by not just single digits but dozens of percent. It's explained how government overspending in the form of stimulus, while not necessarily malevolent and having received bipartisan support, has played a significant role in instigating this inflation. The discussion wraps up with the mention of current methods being adopted to combat inflation, including the raise in interest rates and quantitative tightening.
00:00 Introduction to Inflation
00:00 Impact of Inflation on Middle Class
00:31 Government's Role in Inflation
00:38 Bipartisan Contribution to Inflation
00:50 Consequences of Overstimulation
00:53 Solutions to Curb Inflation
Subscribe here: https://www.youtube.com/c/JamesAltucherShow/
Follow Me On Social
********************************
For media requests or interviews, please reach out to me at
altucher@gmail.com
https://www.facebook.com/JAltucher.Blog/
https://www.instagram.com/altucher/
https://twitter.com/jaltucher
Related Videos
This Election is NOT What You Think
A Note from James: "So, you know, just like last week, I wanted to bring a somewhat neutral point of view to all the wild conspiracy theories, allegations, rumors, and actual facts about the Trump assassination attempt. I wanted to comment on the conspiracy theories. What are the facts? What could b...
Privacy is relatively new concept, but it's dying... #podcast #privacy
Subscribe here: https://www.youtube.com/c/JamesAltucherShow/ Follow Me On Social ******************************** For media requests or interviews, please reach out to me at altucher@gmail.com Facebook https://www.facebook.com/JAltucher.Blog/ Instagram https://www.instagram.com/altucher/ Twitter htt...
The Psychology of Secrets: Revealing the Hidden Truths with Andrew Gold
Join me on The James Altucher Show as we explore the evolution of privacy and the complex world of secrets with special guest Andrew Gold. We delve into how privacy has evolved from ancient times to modern-day issues surrounding data, AI, and societal norms. Andrew shares insights on the psychology ...