00:00Our constitutional republic is accepting of an independent central bank only if it sticks to its congressionally directed duty and successfully performs its task.
00:12Which is inflation is a choice.
00:15Now you wouldn't know from recent commentary of the last several years that inflation were a choice.
00:20In fact, during the run-up to the great inflation the last five or six years, what did we hear about the causes of inflation?
00:27I won't be making any news here to say that U.S. fiscal policy is on a dangerous trajectory.
00:35Irresponsibility in spending has surged, especially in the aftermath of COVID.
00:41Today, the U.S. federal government is spending in excess of 60% more than the day before COVID.
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