by Sundance at The Conservative Treehouse
This video interview segment was sent to me today along with a “wow, you were right” message. Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.
The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence. Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved. However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy.
WATCH (10:22 prompted):
The issue is quite simple, really. When additional oil, coal and natural gas development is blocked as an outcome of policy, energy prices jump massively. We are seeing 2022/2023 price increases in electricity, home heating, fuel, gasoline, natural gas and other total energy price outcomes in the 60%+ range.
As a direct outcome of energy policy,…
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