Well, I hate to point this out but he's not entirely wrong.
The flood/influx of money into the overall money supply (a basic tenet of economics) in the form of the so-called "Covid stimulus" payments did its job. It flooded the economy with printed money that we couldn't afford.
Thanks, Fed.
It also stimulated Economics 101 in determining that if you have a helluva lot more money in the money supply that isn't supported by economic development that's going to result in:
- Money being worth less than it used to be.
Ergo, now those who used to have $500 in their pockets still have $500 in their pockets. But that $500 only buys $400 worth of goods and services now.
Covid did a lot more than just keep kids out of school. It did a magnificent job -- aided by the politicians and media -- in helping to destroy our economy.