Remarkable Admission, Pete Buttigieg Announces Biden Inflation Plan is to Create Increased Dependency State and Apply Socialist Economics, Biden Led Govt to Provide Medicine, Childcare, Housing and Food
Remarkably, Stephanopoulos references one of the most insane New York Times op-ed’s ever written around economics {ARTICLE HERE}. Within the reference, the Democrat legislative proposal is for the government to take over the purchasing of essential products like food, fuel, gasoline and medicine. The government would then distribute those products. The entire premise is based on some academic leftist theory of economics that is just nuts. It looks nothing like capitalism.
The baseline for the approach contains the premise that inflation is driven by too many people chasing scarce goods. Thus prices are rising. This is how the Democrats look at inflation and explain the problem. Their solution is for government to buy the food at the prices they claim people cannot afford, and then sell the food at prices they claim the people can afford. [Replace ‘food’ with any item they determine]
Notice in the interview when Buttigieg is challenged about the high cost of gasoline, he complains that oil companies are not drilling enough to generate the oil and refinery capacity that we need. Essentially, the oil companies are to blame for not creating more supply.
https://theconservativetreehouse.com/blog/2022/06/05/remarkable-admission-pete-buttigieg-announces-biden-inflation-plan-is-to-create-increased-dependency-state-and-apply-socialist-economics-biden-led-govt-to-provide-medicine-childcare-housing-and-fo/#more-233870