Freeberg

I don't know if you guys have been to the supermarket lately, but man, it is crazy expensive how prices have gone up like 50 to 100% on everything at the supermarket. And this is like, it's basically impossible. We can deal with it, but like a large percentage of people, this is a big deal in terms of like, now you have to budget your life and you spend less.

I don't know if you guys have been to the supermarket lately, but man, it is crazy expensive how prices have gone up like 50 to 100% on everything at the supermarket. And this is like, it's basically impossible. We can deal with it, but like a large percentage of people, this is a big deal in terms of like, now you have to budget your life and you spend less.

But I do think that there's going to be government programs to mitigate the effects, meaning you could see the markets, the equity markets continue to rally on some of the government programs and government activity, which has become kind of like the learned behavior. It's like Pavlovian. It's like we have an economic problem. The government steps in and spends money.

But I do think that there's going to be government programs to mitigate the effects, meaning you could see the markets, the equity markets continue to rally on some of the government programs and government activity, which has become kind of like the learned behavior. It's like Pavlovian. It's like we have an economic problem. The government steps in and spends money.

Let me get an answer from Sachs.

Let me get an answer from Sachs.

Unless the government spends money, which has been the counterbalance, right? And that's a lot of why governments – and by the way, I have a theory on this. I think this is also why we have an open border policy.

Unless the government spends money, which has been the counterbalance, right? And that's a lot of why governments – and by the way, I have a theory on this. I think this is also why we have an open border policy.

or why the current administration has pushed an open border policy, because that can also be deflationary to counteract the effects of the interest rate accrual because it lowers wages overall and fills jobs. It increases the workforce, et cetera, creates more competitive workforce. But no one's allowed to publicly say that.

or why the current administration has pushed an open border policy, because that can also be deflationary to counteract the effects of the interest rate accrual because it lowers wages overall and fills jobs. It increases the workforce, et cetera, creates more competitive workforce. But no one's allowed to publicly say that.

And I do think that that's one of the primary motivating factors of having an open border policy.

And I do think that that's one of the primary motivating factors of having an open border policy.

That's the fundamental problem, right? They're too affluent.

That's the fundamental problem, right? They're too affluent.

Right. And I'm not making an argument one way or the other. I'm just highlighting, I think that this is one of the motivators for the policy.

Right. And I'm not making an argument one way or the other. I'm just highlighting, I think that this is one of the motivators for the policy.

Zach, you just said not to get political.

Zach, you just said not to get political.

Zach starts out by saying, yeah, not to get political, but Biden. This is just a fact. It's just fact.

Zach starts out by saying, yeah, not to get political, but Biden. This is just a fact. It's just fact.