Former Treasury Secretary Mnuchin: Government spending is what caused inflation
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- Опубликовано: 15 окт 2024
- Former U.S. Treasury Secretary and Liberty Strategic Capital founder and managing partner Steven Mnuchin joins 'Squawk Box' to discuss the latest developments around a potential TikTok ban, why he's putting together a group to buy the social media app, whether he believes the app poses a national security risk, his thoughts on entitlements, state of the U.S. economy, and more.
Too much government spending
And yet the median salaried American is still in dire straits. Wonder where all that government-printed money went. Mnuchin should check his pockets and implore Congress to tax him in order to work down the national debt. Of course he won't because he's a blatant two-faced liar just like the Democrats and the Republicans.
It's more nuanced than that. It's government spending financed by money printing that causes inflation.
And yet the median salaried American is still in dire straits in these economies. Wonder where all that government-printed money went. Mnuchin should check his pockets and implore Congress to tax him more in order to work down the national debt. Of course he won't because he's a blatant two-faced liar just like the Democrats and the Republicans protecting their donors.
Let's pretend like the supply chain issues had no impact. Let's pretend those were all government's fault. /s
@@rogergeyer9851the supply issue was a problem in the middle of the pandemic and not now. Historically, corporations usually don’t decrease prices after a crisis subdues and this is the cases. They inflated the prices because of supply chain, but didn’t bother to bring it down because why would they when they’re making record profits since Covid times.
@@MB-we4dxnot to mention that supply chain issues still were caused by the government due to lockdowns they mandated.
If Joe could ask a question to the guest instead of ranting about whatever is on his mind that would be great
Sadly, "reading the news" (when news used to be CREDIBLE instead of about selling soap and making political statements) went away with the Walter Chronkite era. And we're much worse off for that.
And that goes for ALL forms of media, not just TV.
Career politicians put this country in the mess it’s in, I have no sympathy for any of them.
"There is a standard price of gold, so when I pay you money, it must be, carry the value in gold. That's all. Then there is no inflation. The people want to be cheated, and people cheat. That's all."
Is Joe Mnuchin's spokeman?
Politician who can admit he's not always right. This is why I collect bills with Steve Mnuchin's signature!
you are a slave.
This guy is like a skin rash that won't go away
Joe interrupting like usual. Please fire him.
MONEY PAINTER GO BRRRRR 🖨 💴💵💶💷💸
Did we really need this afterthought of a headline?
Well duh. That and all the borrowing weve done to give rich people handouts.
Yes, because middle class and lower class people NEVER get ANY money from government programs. /s
What color is the sky in your world?
hahahah, lum luon tiktok diii
The dude that makes $3 million a year is complaining about the price of deodorant.
Simple living high thinking this materialistic way of living isn't helping us but hurting us. Just try and do something to understand God.
He still got no clues why Yellen piled up short duration when rates were f*ong low..
Looking at the rest of the world is like someone with $40000 in California thinking they are doing better than another with $30000 in Idaho. By the way, some of these rest of the world doing worse have free healthcare and birth rates are high.
I live in central KY. I worked in mainframe I/T at IBM. Comparing notes with various supplier employees working in LA, we were better off than them financially, with them making TWICE our salary.
And that's just financially, considering things like taxes and housing costs. THEN you consider quality of life issues like a 10 minute vs. 90 minute commute, etc, and there was just no comparison. This was over a couple decades as prices rose, and the results were consistent re the big picture.
Mnuchin recites Milton Friedman's lessons -- great !! There's a few in govt who really learned from Friedman
Fraud is right. I am so tired of no pushback on the bull.
Who cares what the " former" secretary has to say ! Hes yesterday's story .
Yes. We can NEVER learn ANYTHING from history. /s
Another example of why modern education is such an abject failure in the US -- lack of perspective adds to cluelessness.
yo they need to stop talking over each other and their guests
Jamie sounds like yet another mouthpiece for the Dumbocrats.
Everything is inflated including the stock market.
Andrew is really annoying.
How would Steve fight Putin without spending money?
Another clueless fraud..
Geez, this guy has more common sense than most and tells it like it is - he can't be a politician.
Or at least an elected (vs. appointed) politician -- especially not one running for re-election.
He might well be wrong, IMO, but at least he DOES tell it like he thinks it is, which I respect.
Interesting