Dave Smith

You're drowning, right?

So you need a government program, right?

Like this is Mom Donnie's answer.

Hey, there's an unaffordability crisis in New York City.

And so the answer is we need free buses and free child care and free groceries or whatever, you know, the thing is.

And there's at least on the surface, there's some like plausibility to like, yeah.

I can't afford stuff, so if you could make some stuff free, free, which just means we tax you for it and it's a government program, but at least on the surface, there's some plausibility to, I can't afford stuff, you're saying you'll make it free.

Okay, that does kind of solve the problem that I had.

Now, the challenge for us, the job for us is to argue that it's like, no, it's government programs that we can't afford that then they have to print the money for that are the reason you can't afford this shit to begin with.

Like, why does it have to be this way?

Talk to anybody who is your father's age,

or your grandfather's age.

My father-in-law talks all the time about how he bought his first house for whatever it is.

He bought the house for $16,000.

He was making $13,000 a year.

He was driving a truck.

This was a regular job.

it only paid 13 000 a year which would be low for today but the price of a house was 16 grand and then all of a sudden you go oh wow that's really doable okay like for somebody out there who's making 70 grand today that would be the equivalent of you being able to go get a house for like 95 grand

Okay, anyway, so the point that we have to make is that the reason why things are unaffordability is because of price inflation, and the reason why you have price inflation is because you have monetary inflation.

Now, it's actually a pretty obvious, intuitive argument, but it takes a few steps to make it, but whatever.