Judging Freedom - Covid is on the Way Out and Congress is Considering Another Covid Relief Bill

Episode Date: February 2, 2022

Congress is considering another Covid Relief bill. #covid #Congress #Relief #inflationSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Resolve to earn your degree in the new year in the Bay with WGU. WGU is an online accredited university that specializes in personalized learning. With courses available 24-7 and monthly start dates, you can earn your degree on your schedule. You may even be able to graduate sooner than you think by demonstrating mastery of the material you know. Make 2025 the year you focus on your future. Learn more at wgu.edu. Hello there, everyone. Judge Andrew Napolitano here on Judging Freedom. Today is Tuesday, February 1st, 2022. It's about 1.45 in the afternoon on the east coast of the United States, and the Democrats in Washington

are considering, you're not going to believe this, another COVID relief bill. Another COVID relief bill. What happened to the $1.9 trillion that they gave away in the past year, the biggest government giveaway in the history of the world? $1.9 trillion. I can't say it was taxpayer dollars. It wasn't. It was money that the government borrowed that future generations of taxpayers will have to pay back. You want to know why? The price of everything from gas to bread to milk to steak to eggs to butter is going through the roof? It's because the government is flooding cash into the marketplace. There's only one reason for inflation. Government introducing more cash into the marketplace. We're talking about price inflation. The same amount of goods being chased by more money.

More money chasing the same amount of goods always raises the price. In the old days, the feds did this by printing cash, literally printing it and delivering it to their favorite banks, which would then get it into circulation. Today, they don't print the cash. They just add zeros to the accounts of their favorite banks on a computer ledger sheet, and the banks start spending that money. Or they go out and they borrow the money from investors who have to be paid back. Either way, more money chasing the same amount of goods equals inflation. We're undergoing the greatest inflation that we've undergone in the past 30

years since Gerald Ford was president of the United States of America, 45 years ago. And the Democrats want to flood more money out there. The states are flush with cash and are asking the feds for permission to spend the COVID relief that the states received on items other than COVID. What are they going to spend the money on? the states received on items other than COVID. What are they going to spend the money on? COVID's on its way out. Most of the country has been vaccinated. I've been vaccinated.

You use your own judgment if you want to get vaccinated. But what is the government going to spend money on? And why is the government so intent on putting more cash into the money supply when it already sees the damage that it's doing? The answer is simple, because the people that make these decisions, mostly Democrats, but some Republicans, certainly the White House, and of course the leadership of Congress, is more interested in short-term gain, in enhancing political power, than it is in the stability of the markets. If they were interested in the stability of the markets, interest rates would float and the government wouldn't be putting cash into the marketplace. Instead, we have

artificially low interest rates and cash coming off of trees. I exaggerate in that respect, of course. But so much cash in the marketplace, it's only natural for prices to go up. Do you want prices to go up? Do you want the government to give away more cash? Judge Napolitano, judging freedom. Resolve to earn your degree in the new year in the bay with WGU. With courses available online 24-7 and monthly start dates, WGU offers maximum flexibility so you can focus on your future. Learn more at wgu.edu.