Brandon Aceto
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, it's funny you say that because I was just thinking it's as if they're sitting in a room saying, all right, this cost of living thing is becoming a problem.
Everybody's still talking about it.
What's a bone that we could throw at the public and appease them a little bit and make them feel like we're doing something?
And this is a good start to that.
I think it's a good idea.
I mean, I think maybe student loans would be a better place to either cap or remove interest rates because they've already been paid back a lot of times in terms of โ
Like, without the interest, like, I think that just paying back the loan would be enough.
But, yeah, like, it's an example of lobbying, the reason that I don't think there's a limit on it.
That's probably why, because it's, like, the same thing as loan sharking.
It's just, like, legalized loan sharking in a lot of cases.
But I...
I think it's good for inflation because more debt equals a higher cost of goods and services.
So it would create probably a crash type situation like the Great Depression is the biggest example of deflation.
But that's the thing that's unfortunate is you have to weigh an economic downturn versus the cost of living.
You can't really have both of them be ideal.
Bernie?
Perfect.
I think they're at the breaking point where something could happen here, where the leadership change could happen.
You just got to keep piling layers on top of it to see what breaks.
I don't think an organic revolution, leadership change has ever happened without the assistance of an outside powerful force.