Scott Santens
๐ค SpeakerAppearances Over Time
Podcast Appearances
And it's also very inefficient.
Like here we are, we're basically, the Fed is just shoveling trillions of dollars into banks and hoping that it will be cheap enough that people will take on debt and get that money out there and spend it.
And it just doesn't โ it's an extremely inefficient way of going about this.
We could actually โ the Fed could have introduced less money into this.
We could actually be paying for a $2,000 a month fully universal basic income tax.
for the amount of money that the Fed is doing in one week.
So we're creating so much more than we need in order to actually boost this economy.
And it's just going to increase inequality.
As for price differences in these things, it's interesting that we're looking at some supply chain issues right now as well.
And in, in like rent is an interesting case.
That's a, I would say it's a separate case, but I also just want to make sure that we even cover something like food because we're looking at a, at a, at a circumstances right now where, you know,
dairy farmers are dumping milks down the drains and that farmers are pawing under their crops because that food would have gone to restaurants and people would have bought those through restaurants and now they can't.
And
People, of course, need to eat.
And instead, people, because they don't have the money to go to stores, which are full of actually food for people to buy, people are lining up by the thousands for food banks because that's the only way for them to get food.
So you can see that in this kind of setup, we have the supply.
We have plenty of food, except people don't have the pieces of paper in order to exchange for food.
And so it just makes so much more sense for the entire economy to make sure that everyone can actually go to grocery stores and buy food from restaurants instead of needing to go to food banks.
It just makes so little sense to do.
And that would actually be much better for prices.