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GeoPulse : Learn how to take control of your money with smart personal finance strategies, simple investing tips, and daily money hacks. In this video, we break down today’s financial news and give you practical steps to grow wealth, save smarter, and invest wisely.

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Transcript
00:00Now, one of the biggest misconceptions about tariffs, though, is that it leads to inflation
00:05or prices going up. I'm sure you've seen those scary headlines, but they're wrong. If you ever
00:11study economics and people like Milton Friedman, who's considered to be one of the most respected
00:15economists of all time, he said that the only entity that can create inflation is the government.
00:22No one else can make prices go up other than those who possess the power to create money.
00:30They don't produce inflation for one simple reason. They do not own a printing press on
00:36which you can turn out green pieces of paper. Consumers don't produce it. Producers don't
00:42produce it. Trade unions don't produce it. Foreign sheiks don't produce it. Oil imports
00:47don't produce it. What produces it is too much government spending and too much government
00:52creation of money and nothing else.
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