Brandon Aceto

That's actually not a good thing.

What about the deflationary innovation, though?

Like the way that a flat screen TV started off at $10,000 and now it's $200.

So there's examples of things going down in price.

But the things that are killer, though, is electricity, food, housing.

I think those are the core things that people really get upset about if those are unaffordable.

I think the problem, too, is I think deficit spending in general is a bigger example of what happened during COVID.

That M2 money supply chart I sent you, Rob, this is the amount of money in the economy, and

obviously went up a ton in 2020.

But just the fact that we're spending an extra trillion dollars per year than what we actually have, that's the creation of new money.

I know it's not money printing.

It's the Treasury issuing new debt.

But that's adding new money into the economy.

That's artificially increasing demand.

So of course, things are going to be more expensive if we're putting more money in the economy every year.

And that's such a waste of capital, too, by the way.

The Fed

created an extra $9 trillion of money on its balance sheet.

So that went to banks.

So why aren't banks using those loans efficiently?