Brandon Aceto

Like in Connecticut and in California, New York, you have to pass the emissions test every year.

They have to build a car to emit a certain amount of emissions or eliminate a certain amount of emissions.

Would it be beneficial, do you think, from a regulatory standpoint if we had federal laws like that?

No.

No?

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.