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Speaker 1: Okay, I'm probably like you and you probably like me.

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Speaker 1: Where the words I'm about to teach you right now,

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Speaker 1: for the most of your life were useless, meaningless and pointless.

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Speaker 1: They infect you in any way, or you didn't understand

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Speaker 1: how it affected you in any way, and then when

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Speaker 1: people try to explain it to you, they would explain

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Speaker 1: it to you by using other terms that don't make

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Speaker 1: no sense, talking about some puka shells and the cost

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Speaker 1: of tulips and iron in the Dutch Empire, Like what

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Speaker 1: did you talking about. I've been very transparent about my

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Speaker 1: struggles with understanding the things I'm going to teach you

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Speaker 1: in the area of of discipline that we're about to

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Speaker 1: talk about, because it's just not how we thought about things.

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Speaker 1: This is another how much a dollar cost episode. We're

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Speaker 1: gonna talk about some economics, and again, just like politics,

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Speaker 1: once someone gives you a different vocabulary about it, I'm

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Speaker 1: pretty sure you'll be able to follow and understand exactly

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Speaker 1: what's going on. So what we're gonna talk about today

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Speaker 1: is the von Dutch hats and Choco tacos hood politics.

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Speaker 1: How much of dollar costs? So here, how much of

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Speaker 1: dollar cost Listen New sent Shock waves through all of

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Speaker 1: our wonderful memories of childhood when we saw that recently

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Speaker 1: the Klondike Company decided to discontinue the Choco Taco. Now,

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Speaker 1: there is a very objective understanding of what is the

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Speaker 1: best things to get from an ice cream truck. The drumsticks,

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Speaker 1: maybe a push pop, you know what I'm saying, if

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Speaker 1: you don't have a lot of money, you know what

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Speaker 1: I mean, because there was a lot cheaper um, but

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Speaker 1: the Chaco Taco, this was a coveted piece of of treats.

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Speaker 1: We were heartbroken to hear that this thing was going away.

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Speaker 1: Depending on the quality of the ice cream truck, I

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Speaker 1: think I've told you this before a lot of times,

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Speaker 1: some of the ice cream trucks be held a dusty

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Speaker 1: and ain't got a lot in there because they're really

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Speaker 1: not ice cream trucks. There covers for drugs like this,

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Speaker 1: this is a a drug dealer, so he doesn't really take

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Speaker 1: care of his ice cream. And then there's those that

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Speaker 1: are like, you know, really, you know, running in an

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Speaker 1: amazing business. And when you hear that song coming down

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Speaker 1: the street, you knew it was go time. And if

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Speaker 1: you was bawling out, you know what I'm saying, you

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Speaker 1: get a couple of things now laters, which I was

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Speaker 1: a full grown adult before I realized they were called

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Speaker 1: now and laters. But the chaco taco isn't a very

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Speaker 1: important part of our childhood now. As a side note,

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Speaker 1: one could argue that all we're actually remembering about the

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Speaker 1: taste is our memories, is the time of life we

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Speaker 1: were in. It were just reminds us of a time

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Speaker 1: of innocence. Were they that delicious? I don't know, because

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Speaker 1: I can't remember the last time I had one, Which

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Speaker 1: is the point I'm trying to make. Everybody that was

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Speaker 1: so outraged about the discontinuing of choco tacos, Oh my god,

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Speaker 1: it's so sad. You know, it's the end of the era.

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Speaker 1: Like when the last time you bought one, the demand

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Speaker 1: is gone. We was in the whole pandemic. Was you

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Speaker 1: sending your kids to the ice cream truck? How many

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Speaker 1: of y'all living communities that still have ice cream trucks?

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Speaker 1: Mind does Because I live in Boil Heights, we are

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Speaker 1: still kind of live in a hood. So we got one.

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Speaker 1: We got a trot o man. We gotta bot that

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Speaker 1: old man. We got man. You know, what I'm saying, like,

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Speaker 1: we got all these there's a Tomali lady, you feel

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Speaker 1: me like, I just this is just the experience in

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Speaker 1: Latino communities. Is you get to have these things still

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Speaker 1: coming down your street? I bet you? And when the

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Speaker 1: last time you've seen the ice cream truck? I wait,

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Speaker 1: when the last time you bought a Chaco taco? Now,

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Speaker 1: y'all win got fro Yo. You feel me? Y'all was

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Speaker 1: looking for, you know, gluten free and dairy free options,

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Speaker 1: so you don't even remember the last time you bought them?

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Speaker 1: So why would they keep producing these things if it

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Speaker 1: ain't making no money? Now on the other side that thought,

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Speaker 1: I thought to myself, you know what, I've never purchased

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Speaker 1: a Klondike bar. It's strange to me. This is probably

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Speaker 1: just by my location. Culturally, It's strange to me that

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Speaker 1: the Klondike bar has continued, but the Chaco taco has not.

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Speaker 1: And that's probably because you can get a Klondike bar

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Speaker 1: the grocery store. I just don't remember ever buying one.

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Speaker 1: I don't even know Klondike made Chaco tacos. The thought

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Speaker 1: never crossed my mind that these treats came from a

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Speaker 1: company I just never thought about it, just like you.

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Speaker 1: But since they do. You got all the supply and

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Speaker 1: no demand. So when you got a whole lot of supply,

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Speaker 1: meaning we got all these Chaco tacos just sitting here

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Speaker 1: in Melton, melting and ain't nobody buying them, your first

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Speaker 1: thought is like, well, maybe let's lower the price. That's like,

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Speaker 1: you know when you see end of the year sales clearance,

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Speaker 1: It's just like, I just got all this stuff done.

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Speaker 1: Nobody wants all the last year's fashions, don't nobody won't them,

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Speaker 1: but I gotta, I gotta get rid of them. So

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Speaker 1: you try to lower the cars. What that is is

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Speaker 1: the idea again of supplying demand. I got all the

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Speaker 1: supply and got no demand. So you lower the price,

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Speaker 1: but you can't lower it to zero. So you're like,

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Speaker 1: I guess I stopped making it. But what if you

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Speaker 1: don't want to stop making it? What if you like, well,

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Speaker 1: you know, their nostalgic. So one one solution could be

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Speaker 1: maybe you know, you put them in the grocery stores,

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Speaker 1: you put them next to the klon die bar, and

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Speaker 1: you charge twice as much for the klonde bar, and

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Speaker 1: then somebody goes, well, dang, it's the same company. Man,

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Speaker 1: it's you know, maybe man good that costs too much.

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Speaker 1: I'll get this other one. It's one way to solve it.

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Speaker 1: You know, you're just trying to figure out how to

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Speaker 1: offer your product. Now is that a good idea? Because

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Speaker 1: now you're killing the sales of your other products, like

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Speaker 1: or you just be like, cut your losses, get out

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Speaker 1: the game. It's done. I let y'all, I'll let y'all

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Speaker 1: cry over it, and maybe y'all crying over it will

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Speaker 1: start raising the demand again, which dupe because I got

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Speaker 1: a big supply. But who knows who understands that? What

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Speaker 1: if one day, you know, you decided to discontinue it,

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Speaker 1: and then some guy, some TikToker you know, with three

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Speaker 1: trillion followers, says he wants to go get a Choco taco,

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Speaker 1: says she want to go get a Choco taco, and

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Speaker 1: she go do one all of a sudden, at least

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Speaker 1: for that last little blip, all of a sudden day everywhere.

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Speaker 1: Now you gotta high demand out of nowhere. But what

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Speaker 1: if the demand is so high you can't meet its requirements.

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Speaker 1: Now you gotta high demand and a rather low supply. Well,

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Speaker 1: how you control that, Well, your price goes up, you

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Speaker 1: get off fat Joe on us. Yesterday's price ain't today's price.

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Speaker 1: Last year, they didn't want me. Now I'm hot. They

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Speaker 1: all on me. Get some Mike Jones, y'all on me.

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Speaker 1: Now I can charge I can charge more now. One

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Speaker 1: I could charge more now because you're demanding it, and

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Speaker 1: two because well, dang, I don't have a lot of them.

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Speaker 1: I can't just offer them right now. Then it's like, well,

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Speaker 1: we gotta be able to make more, So I gotta

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Speaker 1: raise prices so I can make more, and not only

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Speaker 1: make it more, not only raising the prices, like well,

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Speaker 1: kids got a lot more money these days, you know.

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Speaker 1: I mean it's like the dish. There's a lot of

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Speaker 1: dollars circulating. So if I charged too low, Y're not

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Speaker 1: gonna value it, you know what I'm saying. So like yo, yo,

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Speaker 1: I need your dollar to do a little more work.

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Speaker 1: And since you're dollar not doing a little more work.

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Speaker 1: If I look at you know when they was like yo,

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Speaker 1: when Chaco Otaco was hot, they was only they was fifty.

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Speaker 1: There was a dollar, you feel me. But you're looking

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Speaker 1: across the table now at them. Throw your foods. They

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Speaker 1: charging phote dollars and you're like, hold up, if I'm

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Speaker 1: gonna compete with them, apparently y'all got it, So I'm

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Speaker 1: gonna start, well, I'm gonna charge you with they're charging

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Speaker 1: because y'all got it. Yeah, y'all got the phone right,

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Speaker 1: you know what I'm saying. But they were saying, well,

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Speaker 1: will four dollars used to get me? That gives me

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Speaker 1: the cup, the toppings, the ice cream, the spoons. You

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Speaker 1: know what I'm saying, Just give me all kind of

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Speaker 1: stuff that the four dollars go a little further over

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Speaker 1: there at to throw your spot. So you're like, oh,

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Speaker 1: oh my dollar yo. So for me to make you

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Speaker 1: the chaco taco, for me to make what they make

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Speaker 1: it to throw your spot. As far as profits, I

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Speaker 1: have to charge five. Uh, that's that's kind of crazy.

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Speaker 1: And also you know ice cream and the chocolate. It

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Speaker 1: costs a little more then y'all because y'all you know

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Speaker 1: the throw yo. They got the vats and you'll feel me.

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Speaker 1: They got the kegs. We ain't got no kegs. We

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Speaker 1: gotta make them individually. That's gonna cost me a little more.

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Speaker 1: So maybe I gotta charge six and you the kids going, well,

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Speaker 1: let me get this straight. I'm paying more and getting

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Speaker 1: less that and I or it's like, yo, I bought

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Speaker 1: this thing yesterday. It was five hours today at six, Like,

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Speaker 1: are you are y'all playing games with me right now? Well, no,

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Speaker 1: this is how the economy works. We are talking about

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Speaker 1: inflation and recession. This is where we're gonna learn about today,

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Speaker 1: inflation and recession. I mentioned the Von Dutch trucker had

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Speaker 1: because at one point that thing was so on fire.

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Speaker 1: Now listen, it was hideous to me. I was never

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Speaker 1: into the Von Dutch, the true religion that you know,

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Speaker 1: rhyin stone jeans, you know, none of that. I thought

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Speaker 1: them foods look ridiculous. I'm like, that's a trucker hat

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Speaker 1: with a patch on it that costs too much. I

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Speaker 1: just it wasn't my thing. But it was the hottest

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Speaker 1: thing in the world, right, and then all of the

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Speaker 1: sudden it got so hot that it became corny. The

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Speaker 1: price was so high, right, it was so ubiquitous, It

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Speaker 1: was so everywhere that it just seemed like it was

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Speaker 1: gonna be on top of the world forever. And then

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Speaker 1: it Wasn't you find it a thrift store from five

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Speaker 1: dollars if you wear it. At some point culture changed

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Speaker 1: and it became a joke to where that outfit out

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Speaker 1: of nowhere. I mean, at least from a consumer standpoint.

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Speaker 1: It just got so played that you was like, I'm

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Speaker 1: done with this. So with the Chaco taco, we just

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Speaker 1: kind of grew out of it. It's just the market

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Speaker 1: moved on. That's a little more predictable. With the vond

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Speaker 1: Dutch hat, it just seemed like overnight, just we decided,

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Speaker 1: all right, this is wash. Okay, y'all doing too much.

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Speaker 1: What I'm trying to say is like, in understanding any

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Speaker 1: economic model, there is a wild X factor called humans

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Speaker 1: that you just can't listen. I don't care what your

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Speaker 1: models say. And this, to me was why economics was

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Speaker 1: always so hard. I don't care what your little models say.

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Speaker 1: I don't care. Like, it's really hard to predict where

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Speaker 1: culture gonna go. You can look at huge trends like

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Speaker 1: if if if your lens is wide enough, you could

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Speaker 1: do it. But some stuff just defy all models. It's

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Speaker 1: just how people be. We just decided Von Dutch was corny.

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Speaker 1: We just did so. While you were stocking up for

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Speaker 1: the next fall season, you woke up one day and

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Speaker 1: was just like, ain't nobody buying this? Just what you

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Speaker 1: gotta do? You gotta lower your price. Hopefully got it delived.

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Speaker 1: You can't. You just can't predict humans. Now, let's get

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Speaker 1: into the specifics, nuts and bolts and some mystery about

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Speaker 1: like what America has tried to do to control this stuff.

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Speaker 1: Let's take a break. So terms all over the all

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Speaker 1: over the news right now, inflation, recession, all these different things,

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Speaker 1: like I said, like they didn't really mean nothing to

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Speaker 1: me until I really, uh was able to get my

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Speaker 1: brain around what you're trying to say, because again, you

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Speaker 1: grew up like I grew up, Like we never had

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Speaker 1: enough money. You just always made it work. Like what

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Speaker 1: are you gonna do? What are you gonna not get gas?

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Speaker 1: We're gonna not go to work? What are we gonna

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Speaker 1: not eat? Though sometimes we didn't eat or we just

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Speaker 1: like you know what a thing? What an of triggering

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Speaker 1: things for black people in the hood is spaghetti because

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Speaker 1: it will last forever and it feeds up people. You

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Speaker 1: So you be eating spaghetti like fouring five nights a

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Speaker 1: week because you make one pot and it feeds somebody,

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Speaker 1: It fills you and it lasts forever, you know what

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Speaker 1: I'm saying. So even if the money was short, even

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Speaker 1: if the money was funny, you get it. How you living,

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Speaker 1: You just go figure out other things, you know what

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Speaker 1: I'm saying. So you're telling me like, oh man, the

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Speaker 1: markets doing this and the stock marketing the doll jones,

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Speaker 1: I'm like that, don't. My life is not any any

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Speaker 1: different in any way. You have to pay the bills,

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Speaker 1: you know what I'm saying. And up there was again

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Speaker 1: there was never enough. So I like, we were never comfortable.

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Speaker 1: I mean, we were comfortable enough, but like my grandma

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Speaker 1: used to say, and my mom used to say, there

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Speaker 1: by the grace of God go I, which basically means,

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Speaker 1: won't know where that stuff is coming from. I don't

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Speaker 1: know why it's working. It just does, you know. But

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Speaker 1: what does any of this stuff mean? And why do

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Speaker 1: we need to care about it? So? Definition time inflation

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Speaker 1: is when the price of an item rises, not just

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Speaker 1: because of cost of living, but it's just going up.

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Speaker 1: Which another way to say things cost more now is

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Speaker 1: to say is to say that my dollar doesn't get

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Speaker 1: me enough. They call it buying power. It's the It's

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Speaker 1: two ways to say the same thing. Three dollars used

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Speaker 1: to be able to get me a Costco slice of pizza.

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Speaker 1: And I don't know if you saw that that that

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Speaker 1: video going around where they saw the dude climb up

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Speaker 1: and change the price from two dollars to three dollars

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Speaker 1: or three dollars four or whatever case. When you were

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Speaker 1: watching him change the price, it's the same pizza. We're

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Speaker 1: not making more, you're not raising minimum wage. So what

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Speaker 1: cost me two dollars yesterday is gonna cost me four

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Speaker 1: dollars today. That's called inflation. Why does that happen? It

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Speaker 1: depends on who you ask. And this is where it

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Speaker 1: gets political because some would say, well, it's it's government

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Speaker 1: and invention. It's when you pump too much money into

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Speaker 1: the to the system. Member member, we talked about that

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Speaker 1: where I was like, you know, again, money made up,

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Speaker 1: so it didn't make no sense to me. I'm like,

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Speaker 1: if we're in debt, just print more money since we

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Speaker 1: get since we made it up, you're telling me the government,

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Speaker 1: oh four trillion dollars, Okay, go to the machine right

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Speaker 1: now and make four trillion right. But when you do that,

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Speaker 1: that means again the value of the dollar. It's gone

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Speaker 1: because it ceases to mean anything. You gotta you gotta

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Speaker 1: keep the amount in circulation. Little. It's just like you

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Speaker 1: and your little Pokemon cards. If you catch a rare Pokemon,

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Speaker 1: it worth more because it ain't that many of them,

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Speaker 1: you know what I'm saying. But you can find a

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Speaker 1: charges are anywhere, So a charge our car that I

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Speaker 1: mean that there's a million of them. They don't it,

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Speaker 1: don't you feel me? So it's like it don't the

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Speaker 1: value of that card. It ain't got no weight. So

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Speaker 1: you can't just print money because the money loses its

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Speaker 1: weight then, right, but some would say that's the cause

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Speaker 1: of inflation. We just printed money, so that mean the

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Speaker 1: money don't mean nothing. So that means I gotta you

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Speaker 1: got all these people who all this cash, y'are buying

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Speaker 1: up all my supply, right, so you gotta high demand

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Speaker 1: and a low supply. Y'all got all this money. Y'all

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Speaker 1: got all this money you want to spend. You got

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Speaker 1: all this this stuff. You want this high demand, but

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Speaker 1: we can't make it. We ain't got enough, and you

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Speaker 1: just got money. It's just money everywhere. So okay, it's

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Speaker 1: a brazilion dollars. When I used to teach. Actually know what.

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Speaker 1: I got this from my eleventh grade English teacher. He

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Speaker 1: used to say, your assignment's worth a hundred points, and

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Speaker 1: we'd be like, dang, that's crazy. Then he would be

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Speaker 1: he would say this essay you gotta write is worth

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Speaker 1: ten thousand points. I would be like, oh my god, man,

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Speaker 1: you would if we would freak out, and he would

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Speaker 1: go do This's just he told me one day. I

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Speaker 1: remember because I was like, he was the real cool teach.

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Speaker 1: He probably what got me into like sociology cultural studies.

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Speaker 1: He's one of the one of the reasons why I

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Speaker 1: actually wanted to study it, like multicultural like intercultural studies.

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Speaker 1: But he said, uh, because it's just a decimal. He's like,

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Speaker 1: ten points is a hundred points, is a thousand points,

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Speaker 1: You're just moving the decimal. I just do that to

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Speaker 1: freak you all out. This man was using inflation to

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Speaker 1: scare us because because he's right. He's like, I mean,

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Speaker 1: I could make this thing worth ten points and you

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Speaker 1: get a nine point five, or I can make it

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Speaker 1: worth the hundred points and you get a nine. It's

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Speaker 1: just they're just decimals. I was like, dang that you're

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Speaker 1: you're smarter than me, remember my loving crazy So I

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Speaker 1: started doing that in my classroom too. I was like,

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Speaker 1: but I did it the other way around. I was like,

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Speaker 1: your homeworks were ten points, Like that's it. I'm like, yes,

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Speaker 1: it's just a decimal. I don't want to do the

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Speaker 1: math yeo. Anyway, As a side note for any of

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Speaker 1: you math teachers out there, one guy that used to

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Speaker 1: work with me, he made all of his tests like

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Speaker 1: the answer key. All this tests were ten questions. We're

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Speaker 1: twin ten math problems, and the answers if you did

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Speaker 1: one through ten was a phone number he had memorized.

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Speaker 1: So if the phone number is like five six too,

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Speaker 1: which is l a area code, So like five six

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Speaker 1: to one nine, I'm making up this number five six

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Speaker 1: two two one nine to night, every answer of the

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Speaker 1: ten questions would be the first answer is five, the

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Speaker 1: second answer is six is. So he would be able

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Speaker 1: to grade them real fast by just being like, Nope,

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Speaker 1: that's not the phone number. Nope, that's not the phone number. Nope,

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Speaker 1: that's not the phone number. Brilliant. I didn't. I didn't

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Speaker 1: teach math for a long time. I taught it for

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Speaker 1: a little bit, and when I did that's that's what

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Speaker 1: I did. Cut your grade in half. Anyway, I don't

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Speaker 1: know what percentage of y'all are teachers, but uh, it's

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Speaker 1: a great hack. So inflation is something we all understand

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Speaker 1: because it's simply just means the prices is going up.

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Speaker 1: It's inflating my I gotta make I gotta too much

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Speaker 1: month at the end of my money, you know what

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Speaker 1: I'm saying, Like we we check to check out this mug.

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Speaker 1: But what's so unique about inflation is the fact that,

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Speaker 1: like this same check, last month's fine, we were fine.

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Speaker 1: This month were not. And I I haven't made any

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Speaker 1: extra purchases. It's just everything costs more. I was literally

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Speaker 1: at the ice cream truck yesterday. The Chaco taco was

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Speaker 1: a buck fifty. What the hell in doing three islands today?

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Speaker 1: What changed? It's just the price has gone to and

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Speaker 1: and and. Look. I don't care how staunch of a conservative, libertarian, whatever,

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Speaker 1: whatever your political stances. At some point when something costs

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Speaker 1: too much all over the board, you want somebody to

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Speaker 1: do something. All of a sudden, of sudden government intervention

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Speaker 1: is something because you could either blame that person, oh

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Speaker 1: you know, you know this, This president he's messing up

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Speaker 1: all of our prices. Mike, Well, okay, is he? You

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Speaker 1: know what I mean? Well, what you want him to

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Speaker 1: do about it? I think the government should stay out

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Speaker 1: of our affairs. Okay, Well I won't do nothing it. Well,

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Speaker 1: it's the government's fault that this is. Okay, Well I'll

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Speaker 1: do something. Well, you need to say it's like dog,

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Speaker 1: you can't win, you know what I'm saying, Because whether

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Speaker 1: you Kanzian or Smithian, or small government or big government,

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Speaker 1: when something costs too much, we can't afford to just

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Speaker 1: live as a as a whole because again, like I said,

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Speaker 1: where I came from, we never had enough. Just figured

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Speaker 1: it out. Now. Some others would say that the reason

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Speaker 1: for inflation has to do with the global economy to

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Speaker 1: supply chain. You know what I'm saying, Like, well, if

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Speaker 1: something costs me more, I have to pass that price down,

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Speaker 1: you know what I'm saying. And whether okay, So then

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Speaker 1: then we talk about like taxes on stuff like tariffs, like, uh,

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Speaker 1: you know our own costs to live in You know

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Speaker 1: that I want to pay my workers. Well, you know

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Speaker 1: there's all these all these other things like you know

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Speaker 1: this whole chip shortage. You feel me this, uh, the

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Speaker 1: war in in Russia, you know what I'm saying, like

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Speaker 1: all these other things, or just straight up good old

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Speaker 1: fast American corporate greed. I'm charging this because you'll pay it,

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Speaker 1: because you got to pay it. That's one thing, Like, well,

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Speaker 1: that's what's so crazy about Like gas, you know what

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Speaker 1: I'm saying, Like crue To, it's like, well, what you're

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Speaker 1: gonna not use it? You like you you gotta you

377
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Speaker 1: gotta pay it? Would you want me to say? So? There?

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Speaker 1: And some of it might just be that, but at

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Speaker 1: some point or another, whether we can agree on how

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Speaker 1: we got here and how we don't and here's here's

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Speaker 1: a news flash. We don't agree. We actually don't really

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Speaker 1: know how it works because people are the X factor.

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Speaker 1: We still gotta figure out what to do. But when

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Speaker 1: it comes to the government, though, you want somebody to

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Speaker 1: do something, and if this person is supposed to be

386
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Speaker 1: empowers person supposed to be in charge, you're supposed to

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Speaker 1: do something, right everybody, Hey, government, until you can't afford

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Speaker 1: you rent me. Now it's a hey, big head, you

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Speaker 1: know what I'm saying. So over the years, we've tried

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Speaker 1: many different ways to try to as a nation as

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Speaker 1: a total economy bring the price of stuff down, which

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Speaker 1: in some senses it's like I kind of never understood

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Speaker 1: like why that was necessary, in the sense that if

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Speaker 1: something costs too much, we just won't buy it. And

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Speaker 1: if we don't buy it, then you got to lower

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Speaker 1: the price because that's one of the like And now

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Speaker 1: this is a very again, like I said before, people

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Speaker 1: are x factors and there are some things that you

399
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Speaker 1: can't skimp on, but there's other things that you can

400
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Speaker 1: that you can. It's like we ain't buy the name

401
00:25:44,520 --> 00:25:48,760
Speaker 1: brand Cereal because they cost too much. When the price

402
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Speaker 1: went down when it was on sale, we bought it.

403
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Speaker 1: It just it would just still sim to me. So

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Speaker 1: I think there's one things with like business to where

405
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Speaker 1: it's like you can charge what people will pay, you

406
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Speaker 1: know what I'm saying, But check this OUTO. This is

407
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Speaker 1: where I get crazy because the same amount for two

408
00:26:03,720 --> 00:26:07,240
Speaker 1: different things. Because people are so interesting. Like if you

409
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Speaker 1: say to yourself, Okay, I'll buy this toast, you know

410
00:26:14,280 --> 00:26:17,479
Speaker 1: what I'm saying, with bean sprouts and avocado on it

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Speaker 1: for ten dollars because it's good. But if there was

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Speaker 1: a an app on my phone that said, hey, we'll

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Speaker 1: remove all the ads for ten dollars. I'm like, is

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Speaker 1: you crazy ten dollars for an app? What? It's the

415
00:26:34,560 --> 00:26:38,480
Speaker 1: same amount of money, but I have there's a perceived

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Speaker 1: value I have for this Alvo toast. I'm not dragging

417
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Speaker 1: Alvo toast. Avocado is amazing. It's just you know, toast.

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Speaker 1: When it's done right, it's amazing. If you can make

419
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Speaker 1: a good one, you know, do a little Friday Egg,

420
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Speaker 1: gonna do a little Loco Moco. You understand what I'm saying.

421
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Speaker 1: It's bombed the meat. I'll pay ten dollars for that.

422
00:27:00,040 --> 00:27:01,679
Speaker 1: But you know what I ain't gonna pay ten dollars

423
00:27:01,720 --> 00:27:07,720
Speaker 1: for is like, uh, like a value meal at a restaurant,

424
00:27:07,760 --> 00:27:09,840
Speaker 1: at like a fast food joint. I'm not ask too much.

425
00:27:10,200 --> 00:27:12,280
Speaker 1: It's so there's more food with that. I just don't

426
00:27:12,480 --> 00:27:16,080
Speaker 1: believe that that is worth my ten dollars. I can't

427
00:27:16,080 --> 00:27:47,000
Speaker 1: explain it. That's just how people are. So we've tried

428
00:27:47,040 --> 00:27:53,240
Speaker 1: many ways to keep inflation from going crazy, right, And

429
00:27:54,840 --> 00:27:58,400
Speaker 1: some would say, you know, the purists are just like

430
00:27:58,720 --> 00:28:01,040
Speaker 1: you know les fair let the buy everywhere, like the

431
00:28:01,119 --> 00:28:04,720
Speaker 1: economy a fixed itself. People ain't crazy, right, Uh, it

432
00:28:04,840 --> 00:28:08,400
Speaker 1: just doesn't that just now happens for some reason. I don't.

433
00:28:08,480 --> 00:28:11,080
Speaker 1: I don't get it. It's just dope, right, because of

434
00:28:11,119 --> 00:28:13,359
Speaker 1: a lot of things. Really I'm being silly, but like

435
00:28:13,400 --> 00:28:15,639
Speaker 1: because of a lot of things. You know, sometimes it's

436
00:28:16,000 --> 00:28:19,840
Speaker 1: um racism, sometimes it's greed, and you know, maybe if

437
00:28:19,840 --> 00:28:22,160
Speaker 1: you give me a couple of cocktails and I'll draw

438
00:28:22,160 --> 00:28:24,159
Speaker 1: that line for you. But like, that's that's not what

439
00:28:24,160 --> 00:28:26,320
Speaker 1: we're trying to learn right now. Let's let's not overcomplicate

440
00:28:26,400 --> 00:28:30,560
Speaker 1: things because it's already hard to understand. So one way

441
00:28:30,560 --> 00:28:32,720
Speaker 1: to do that, and we actually tried this, like post

442
00:28:32,760 --> 00:28:36,680
Speaker 1: World War two, you know what I'm saying, where we agreed.

443
00:28:36,720 --> 00:28:42,480
Speaker 1: There was even a whole like straight up government office

444
00:28:44,000 --> 00:28:48,760
Speaker 1: that was all about price control. That the government set

445
00:28:48,800 --> 00:28:53,240
Speaker 1: up price for something, and it was like outlawed, illegal.

446
00:28:53,320 --> 00:28:56,280
Speaker 1: You get fined to raise your price pass a certain

447
00:28:56,320 --> 00:28:59,840
Speaker 1: threshold because of cost of living. They're like, look this

448
00:29:00,040 --> 00:29:03,600
Speaker 1: the money we got. You feel me, if I'm gonna

449
00:29:03,600 --> 00:29:09,120
Speaker 1: feed my family based on what average wages are, you

450
00:29:09,120 --> 00:29:11,320
Speaker 1: can't go higher than that because that's like and who

451
00:29:11,320 --> 00:29:13,640
Speaker 1: wouldn't want the idea of knowing for a fact that

452
00:29:13,680 --> 00:29:16,920
Speaker 1: this corporation, you know, this company can't price gouge me. Now.

453
00:29:17,040 --> 00:29:20,719
Speaker 1: The only way for that to work is you have

454
00:29:20,760 --> 00:29:23,200
Speaker 1: to add rations to that, which is what we did

455
00:29:23,200 --> 00:29:27,160
Speaker 1: as a nation. I don't even notice, but like rations

456
00:29:27,200 --> 00:29:29,840
Speaker 1: meaning like okay, check this out. Like if we're saying

457
00:29:30,040 --> 00:29:33,920
Speaker 1: eggs a carton of eggs, you can't charge more than

458
00:29:34,000 --> 00:29:38,360
Speaker 1: three dollars for a carton of eggs. Foods will go

459
00:29:38,360 --> 00:29:40,680
Speaker 1: in there and be like, give me twenty cartons of eggs,

460
00:29:42,000 --> 00:29:44,920
Speaker 1: and now they all gone, And then you know what

461
00:29:44,920 --> 00:29:48,720
Speaker 1: I'm gonna do, like anybody else would do, I'm about

462
00:29:48,760 --> 00:29:50,520
Speaker 1: the whole stack of them and sell them out the

463
00:29:50,520 --> 00:29:55,680
Speaker 1: garage because I'm not a corporation, right, and I can

464
00:29:55,720 --> 00:29:59,920
Speaker 1: sell them for five dollars because there ain't none that

465
00:30:00,120 --> 00:30:06,160
Speaker 1: the store. That's what anyone who got any sense would do, right.

466
00:30:07,400 --> 00:30:09,480
Speaker 1: So they said, okay, now you're not allowed to do that.

467
00:30:09,520 --> 00:30:12,040
Speaker 1: You can only get so many cartons, you know what

468
00:30:12,080 --> 00:30:16,280
Speaker 1: I'm saying per household. Yeah, they had what's called a

469
00:30:16,400 --> 00:30:19,160
Speaker 1: ration card out of the yain. I know that, y'all.

470
00:30:19,160 --> 00:30:22,200
Speaker 1: This was in America, like we did this, and it

471
00:30:22,320 --> 00:30:24,760
Speaker 1: was again to make sure that the prices that that

472
00:30:24,760 --> 00:30:26,680
Speaker 1: that the dollars still get you and we're trying to

473
00:30:26,680 --> 00:30:28,840
Speaker 1: trying to catch all the prices right, and when you

474
00:30:28,920 --> 00:30:32,440
Speaker 1: run out, you run out. Now, everybody like that except

475
00:30:32,480 --> 00:30:37,800
Speaker 1: for the the business people, because they was like, Yo, wait,

476
00:30:37,840 --> 00:30:40,480
Speaker 1: hold up, how I'm gonna compete with the store next

477
00:30:40,480 --> 00:30:45,800
Speaker 1: door if I can't fluctuate my prices here. Not only

478
00:30:45,840 --> 00:30:48,720
Speaker 1: that you're telling me, it's like say, for example, you

479
00:30:48,760 --> 00:30:51,000
Speaker 1: know you gotta you gotta you gotta gig where you

480
00:30:51,040 --> 00:30:53,280
Speaker 1: need to uh for your business. You gotta get these

481
00:30:53,320 --> 00:30:57,960
Speaker 1: certain like three fourth inch nails, and these three fourth

482
00:30:58,040 --> 00:31:01,640
Speaker 1: inch nails are out of stock because of these rations.

483
00:31:02,920 --> 00:31:06,640
Speaker 1: I'm now out of business. I mean there's nothing I

484
00:31:06,640 --> 00:31:11,040
Speaker 1: can so if I'm out of business, fam I just

485
00:31:11,160 --> 00:31:19,000
Speaker 1: fired all these people. Now there's unemployment, so you're trying

486
00:31:19,040 --> 00:31:23,880
Speaker 1: to keep the prices low. Hello, is zero because nobody

487
00:31:24,000 --> 00:31:29,520
Speaker 1: working because you won't let me make no profit. That's

488
00:31:29,600 --> 00:31:33,920
Speaker 1: they was arguing. Because check this out. Here's what the

489
00:31:33,960 --> 00:31:37,160
Speaker 1: other side of inflation happens. And this is why it's

490
00:31:37,200 --> 00:31:40,720
Speaker 1: always a tug of war, because to bring down inflation,

491
00:31:41,120 --> 00:31:49,920
Speaker 1: you got to create a recession. What yes, unemployment, because

492
00:31:49,960 --> 00:31:54,360
Speaker 1: look at if the employment is low, I don't care

493
00:31:54,440 --> 00:31:57,440
Speaker 1: what you charge. I ain't got the money for it.

494
00:31:58,680 --> 00:32:00,200
Speaker 1: And if I ain't got the money for I think,

495
00:32:00,200 --> 00:32:04,800
Speaker 1: guess what happens? The supply grows and the demand shrinks.

496
00:32:07,760 --> 00:32:13,239
Speaker 1: You see that. An inflation is when the demands high

497
00:32:13,280 --> 00:32:17,960
Speaker 1: but the supply is low. A recession is when the

498
00:32:18,080 --> 00:32:21,800
Speaker 1: supply is high but the demand is low. I can't

499
00:32:21,840 --> 00:32:26,280
Speaker 1: get it because I ain't got it. So what happens

500
00:32:26,640 --> 00:32:29,400
Speaker 1: if you can't sell no product? You try to do

501
00:32:29,440 --> 00:32:34,080
Speaker 1: what the Chaco taco do? You lower the price. Because

502
00:32:34,080 --> 00:32:37,440
Speaker 1: if I lower the price, maybe y'all will start buying

503
00:32:37,480 --> 00:32:43,440
Speaker 1: it again. But I mean, if you as American as

504
00:32:43,480 --> 00:32:47,280
Speaker 1: I am would, could you honestly imagine America actually trying

505
00:32:47,360 --> 00:32:50,800
Speaker 1: to put some sort of government agency for prices? Like,

506
00:32:51,200 --> 00:32:55,440
Speaker 1: as you serious, you really think that's gonna ride? Absolutely not,

507
00:32:55,720 --> 00:33:00,440
Speaker 1: because it didn't because they just like us, right, so

508
00:33:00,480 --> 00:33:03,160
Speaker 1: it ain't ride. You know. Uh, Nixon tried to do

509
00:33:03,200 --> 00:33:05,600
Speaker 1: it again, except when he did it, y'all know, y'all

510
00:33:05,640 --> 00:33:08,000
Speaker 1: remember the pictures of the sevenies and people siping gas.

511
00:33:08,240 --> 00:33:09,880
Speaker 1: My my daddy used talking about that. You go in

512
00:33:09,920 --> 00:33:12,320
Speaker 1: there and go to the gas station, suck the mug out,

513
00:33:12,320 --> 00:33:13,880
Speaker 1: spit it out real quick, and try to get some gas.

514
00:33:13,920 --> 00:33:16,000
Speaker 1: Because gas costs to what it was running big old

515
00:33:16,120 --> 00:33:19,640
Speaker 1: lines down to me because listen, there was look at

516
00:33:19,800 --> 00:33:26,200
Speaker 1: the demand was high, supply was low, so it costs

517
00:33:26,200 --> 00:33:31,080
Speaker 1: too much inflation out the window. So what he tried

518
00:33:31,120 --> 00:33:33,560
Speaker 1: to do, will say, okay, for the next ninety days,

519
00:33:33,640 --> 00:33:35,920
Speaker 1: nobody raised their prices. I'm gonna trust y'all to be

520
00:33:36,000 --> 00:33:39,160
Speaker 1: cool about it. The problem is what's gonna happen is

521
00:33:39,320 --> 00:33:41,440
Speaker 1: what we would do with the X because he didn't

522
00:33:41,480 --> 00:33:44,000
Speaker 1: put no rations in place, which is like, oh, you're

523
00:33:44,000 --> 00:33:47,840
Speaker 1: telling me, okay, so so kannye. Saturday is two dollars

524
00:33:47,840 --> 00:33:52,000
Speaker 1: a pound. I can't go hired than two dollars a pound. Okay,

525
00:33:52,360 --> 00:33:54,720
Speaker 1: give me a hundred pounds of it, and I'm gonna

526
00:33:54,760 --> 00:33:56,200
Speaker 1: sell it, and I'm gonna sell it out the trump.

527
00:33:58,480 --> 00:34:00,560
Speaker 1: I know it's weird to sell knee out the trunk,

528
00:34:00,640 --> 00:34:02,680
Speaker 1: but you just put ice in the trunk and if

529
00:34:02,680 --> 00:34:06,360
Speaker 1: it ain't none over there, what you're gonna do? You know?

530
00:34:06,400 --> 00:34:08,239
Speaker 1: The kid, like we said, the kid I did that

531
00:34:08,239 --> 00:34:09,960
Speaker 1: a long time ago, the kid that had the backpack

532
00:34:10,000 --> 00:34:12,919
Speaker 1: full of candy at school. He charged, whatever you want,

533
00:34:14,320 --> 00:34:16,799
Speaker 1: what you're gonna do, where you're gonna get. I'm your

534
00:34:16,880 --> 00:34:21,799
Speaker 1: only option charge what I want. You gotta clean this stack.

535
00:34:21,920 --> 00:34:24,000
Speaker 1: Listen all of y'all trying to This is stock x.

536
00:34:24,320 --> 00:34:26,640
Speaker 1: This is you trying to buy sneakers. That's how, that's how.

537
00:34:27,239 --> 00:34:31,360
Speaker 1: That's how it worked. This you're trying to get concert tickets.

538
00:34:32,480 --> 00:34:34,600
Speaker 1: A third party bought up, bought the whole arena and

539
00:34:34,600 --> 00:34:37,000
Speaker 1: selling to you what they want to sell because you

540
00:34:37,040 --> 00:34:42,520
Speaker 1: can't get anywhere else. It's the American way sucks, right,

541
00:34:44,280 --> 00:34:46,080
Speaker 1: but the more modern way people try to fix it.

542
00:34:46,120 --> 00:34:48,719
Speaker 1: And this is where it gets real crazy. Where I

543
00:34:48,800 --> 00:34:50,360
Speaker 1: was like, I don't know what y'all talking. This is

544
00:34:50,360 --> 00:34:52,279
Speaker 1: where I usually check out, but don't check out with

545
00:34:53,200 --> 00:34:54,799
Speaker 1: matter of fact, I'm gonna give you all break real quick.

546
00:35:00,320 --> 00:35:36,000
Speaker 1: H m hmm. All right. Then you start talking about

547
00:35:36,040 --> 00:35:40,320
Speaker 1: the Feds and interest rates, and usually I'm like, okay,

548
00:35:40,360 --> 00:35:42,080
Speaker 1: if I don't understand what you're talking about, like what

549
00:35:42,200 --> 00:35:44,840
Speaker 1: that got to do with anything. This is how it works.

550
00:35:45,680 --> 00:35:51,480
Speaker 1: Prices go super high because of inflation, right, high demand,

551
00:35:51,520 --> 00:35:55,640
Speaker 1: low supply for whatever reason, we all need this stuff.

552
00:35:56,840 --> 00:36:02,400
Speaker 1: This is what's happening. So to bring that demand down,

553
00:36:03,480 --> 00:36:06,680
Speaker 1: this is what the FEDS do. They raise interest rates.

554
00:36:06,719 --> 00:36:09,319
Speaker 1: What does that mean? So remember I told you, like

555
00:36:09,600 --> 00:36:12,160
Speaker 1: interest is very simple. You gotta pay me to let

556
00:36:12,239 --> 00:36:14,800
Speaker 1: you use my money. I'm not just gonna it's not

557
00:36:14,800 --> 00:36:17,600
Speaker 1: gonna be just a one to one exchange like I'm

558
00:36:17,680 --> 00:36:21,640
Speaker 1: offering a service. So a hundred dollars is going to

559
00:36:21,719 --> 00:36:25,439
Speaker 1: cost you five right, you know five of a hundred

560
00:36:25,480 --> 00:36:32,320
Speaker 1: dollars is go ahead and do the math. You got it.

561
00:36:32,320 --> 00:36:37,319
Speaker 1: It's five bucks right? So uh cool, um, if it's

562
00:36:37,360 --> 00:36:40,920
Speaker 1: if you pay it off right then, but remember compound

563
00:36:41,040 --> 00:36:44,160
Speaker 1: or like it's five percent every time you pay the bill. Anyway,

564
00:36:44,160 --> 00:36:46,239
Speaker 1: I don't want to get into that. So you would

565
00:36:46,360 --> 00:36:49,239
Speaker 1: raise the interest rates, and what do you do for who?

566
00:36:49,320 --> 00:36:52,840
Speaker 1: Who's going to get loans? People buying houses, so people

567
00:36:52,840 --> 00:36:56,440
Speaker 1: got money, people buying houses, people owning businesses. You know

568
00:36:56,440 --> 00:36:59,680
Speaker 1: what I'm saying. People trying to do that. So so,

569
00:36:59,680 --> 00:37:04,840
Speaker 1: so the idea was this, if we shoot the price

570
00:37:05,719 --> 00:37:10,480
Speaker 1: of interest up right where it's like I can't afford

571
00:37:10,480 --> 00:37:13,320
Speaker 1: to I can't afford to go get no loan, whether

572
00:37:13,400 --> 00:37:17,839
Speaker 1: you are home or a business, the price is gonna

573
00:37:17,880 --> 00:37:19,880
Speaker 1: get so high. Like we said before that you like,

574
00:37:20,800 --> 00:37:24,040
Speaker 1: I'm good, I can't go get a new one. And

575
00:37:24,200 --> 00:37:28,520
Speaker 1: not only that, the bills I got now on my business.

576
00:37:28,840 --> 00:37:38,080
Speaker 1: You just shot my interests up, so that means nobody's

577
00:37:38,120 --> 00:37:41,880
Speaker 1: going to get the loans because ain't nobody got money

578
00:37:41,880 --> 00:37:47,240
Speaker 1: for it. So in theory, that's gonna make everyone else

579
00:37:47,360 --> 00:37:50,440
Speaker 1: across the economy now have to lower their prices because

580
00:37:50,480 --> 00:37:59,480
Speaker 1: nobody's spending anymore because it costs too much. Right, Well,

581
00:37:59,560 --> 00:38:04,839
Speaker 1: the priv him is if businesses are doing this, if

582
00:38:04,880 --> 00:38:07,600
Speaker 1: they bills go up, they can't afford to pay people

583
00:38:07,640 --> 00:38:13,720
Speaker 1: what they was paying them. You understand, you can't afford

584
00:38:15,800 --> 00:38:18,920
Speaker 1: to even keep the same amount of employees. So what

585
00:38:19,040 --> 00:38:24,839
Speaker 1: happens is gross unemployment. And then when unemployment happens, like

586
00:38:24,920 --> 00:38:30,600
Speaker 1: we said, you get a recession, we ain't got the bread.

587
00:38:31,960 --> 00:38:36,480
Speaker 1: And the hope is when you have that the ideas

588
00:38:36,520 --> 00:38:38,960
Speaker 1: that you're it's like it's a balancing act. It's like

589
00:38:39,040 --> 00:38:41,759
Speaker 1: inflation goes so crazy, or we better raise the interest

590
00:38:41,840 --> 00:38:45,520
Speaker 1: rates to make everybody drop their prices, and then now

591
00:38:45,520 --> 00:38:47,319
Speaker 1: people are spending again because it's like, well, yo, I

592
00:38:47,320 --> 00:38:50,960
Speaker 1: can afford it again. It's the sweet cereal, Like the

593
00:38:51,000 --> 00:38:57,560
Speaker 1: price went down, I'm cool, But if the demand's gone,

594
00:38:58,600 --> 00:39:00,799
Speaker 1: you gotta be a choco taco Like well, I mean

595
00:39:01,680 --> 00:39:04,839
Speaker 1: I was buying it at all, So what are we doing.

596
00:39:04,960 --> 00:39:09,680
Speaker 1: There's zero demand, all right, because I got this high supply,

597
00:39:09,800 --> 00:39:13,239
Speaker 1: no demand, right, So the the goal is to try

598
00:39:13,239 --> 00:39:16,399
Speaker 1: to pull levers like this. Now, this is what you're

599
00:39:16,440 --> 00:39:24,360
Speaker 1: listening to. Is reaganomics. This, this is Reagan. That's what

600
00:39:24,440 --> 00:39:28,560
Speaker 1: he did. That's what that's the eighties and people claim,

601
00:39:29,040 --> 00:39:31,160
Speaker 1: which is the craziest part to me, because we came

602
00:39:31,200 --> 00:39:33,520
Speaker 1: out of the eighties after two courses as a nation,

603
00:39:33,560 --> 00:39:38,040
Speaker 1: after two terms of of Reagan, we came out into

604
00:39:38,040 --> 00:39:41,320
Speaker 1: this nineties economic boom where the nation was just bawling

605
00:39:43,360 --> 00:39:46,360
Speaker 1: and they were saying it because well, because Reaganomics worked.

606
00:39:47,800 --> 00:39:50,719
Speaker 1: But I'm like, unless you black or brown, because the

607
00:39:50,760 --> 00:39:57,600
Speaker 1: eighties I remember was vast unemployment. Foods couldn't find no jobs,

608
00:39:57,640 --> 00:39:59,680
Speaker 1: and white think we white think we were selling drugs.

609
00:40:02,040 --> 00:40:07,400
Speaker 1: Well there was but no jobs nowhere. You couldn't go

610
00:40:07,480 --> 00:40:09,400
Speaker 1: get a job and if you did, it paid nothing.

611
00:40:11,280 --> 00:40:14,000
Speaker 1: Because of this thing you're telling me fix the economy.

612
00:40:14,160 --> 00:40:17,359
Speaker 1: You're this again. This why economics don't make no sense

613
00:40:17,360 --> 00:40:19,440
Speaker 1: to me, because I'm like you telling me this is

614
00:40:19,480 --> 00:40:28,120
Speaker 1: a success. I don't I don't understand. Oh, well, you

615
00:40:28,160 --> 00:40:30,400
Speaker 1: know the prices of things went down, you know, and

616
00:40:31,000 --> 00:40:32,879
Speaker 1: they think was like, yo, you just gotta sweat it out,

617
00:40:34,960 --> 00:40:38,200
Speaker 1: sweat it out, tough it up, make it work. Remember

618
00:40:38,239 --> 00:40:40,160
Speaker 1: I told you I was raised in a way that

619
00:40:40,200 --> 00:40:43,120
Speaker 1: it was like, well, there was never enough. That's because

620
00:40:43,160 --> 00:40:46,080
Speaker 1: I'm a child. I'm a I'm an eighties baby, the

621
00:40:46,200 --> 00:40:48,719
Speaker 1: child of the nineties. I was in this, this is

622
00:40:48,800 --> 00:40:56,600
Speaker 1: my time. There was never enough. Jove's head, he had

623
00:40:56,640 --> 00:41:00,279
Speaker 1: this idea that like, okay, so we raised his interest rate.

624
00:41:00,400 --> 00:41:04,320
Speaker 1: I I lowered the taxes of these businesses, and eventually

625
00:41:04,400 --> 00:41:06,560
Speaker 1: that money is gonna come down and you're gonna be

626
00:41:06,600 --> 00:41:08,720
Speaker 1: able to hire more people. People don't get new jobs.

627
00:41:08,960 --> 00:41:14,520
Speaker 1: You know what happened though, is people was people. That's

628
00:41:14,560 --> 00:41:18,040
Speaker 1: this was supposed to be called trickle down economics, meaning

629
00:41:19,320 --> 00:41:22,080
Speaker 1: keep the prices low, let the government stay out of it,

630
00:41:22,600 --> 00:41:26,800
Speaker 1: cut your taxes so that these companies now have more

631
00:41:26,960 --> 00:41:29,319
Speaker 1: more more buying power, more spinning power. That means you

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00:41:29,320 --> 00:41:31,400
Speaker 1: can hire more people, you can expand you could get them.

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00:41:31,760 --> 00:41:34,279
Speaker 1: So then eventually that tax break is gonna get down

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00:41:34,280 --> 00:41:38,320
Speaker 1: to the people. Guess what happened. The tax breaks stayed

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00:41:38,360 --> 00:41:44,640
Speaker 1: at the top. They just pocketed it, so it didn't

636
00:41:44,640 --> 00:41:48,160
Speaker 1: it never trickled down. It's the point, at least to us.

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00:41:48,960 --> 00:41:51,239
Speaker 1: I can't talk about nobody else's community, but I know

638
00:41:51,320 --> 00:41:57,120
Speaker 1: in my community didn't change nothing, Joe say. But it

639
00:41:57,200 --> 00:41:59,480
Speaker 1: convinced the nation that that's how you fix inflation and

640
00:41:59,520 --> 00:42:02,319
Speaker 1: recession is you give a little bit of recession and

641
00:42:02,320 --> 00:42:06,200
Speaker 1: to fix the inflation. Just just you know, Teeter Totter,

642
00:42:06,560 --> 00:42:10,000
Speaker 1: tip for tat you feel me, keep the scales balanced,

643
00:42:11,320 --> 00:42:16,400
Speaker 1: so von Dutch Choco tacos. It's all about supply and demand.

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00:42:16,760 --> 00:42:19,640
Speaker 1: And there are things that we may not necessarily understand

645
00:42:19,680 --> 00:42:23,360
Speaker 1: as to why we demand certain things. But if the

646
00:42:23,440 --> 00:42:26,399
Speaker 1: supply is low and the demand is high, you can

647
00:42:26,520 --> 00:42:32,000
Speaker 1: charge whatever you want. And why the supply is low

648
00:42:32,320 --> 00:42:36,080
Speaker 1: can vary, right, But either way, the prices go up

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00:42:36,120 --> 00:42:38,960
Speaker 1: without us making any more money than we normally do.

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00:42:39,320 --> 00:42:43,640
Speaker 1: That is called inflation. And the recession that everybody is

651
00:42:43,640 --> 00:42:51,919
Speaker 1: talking about is when the prices dropped so low that

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00:42:53,640 --> 00:42:58,360
Speaker 1: no business is really making money because nobody can actually

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00:42:58,440 --> 00:43:05,000
Speaker 1: buy the stuff because the recession caused unemployment. Kind of

654
00:43:05,040 --> 00:43:11,840
Speaker 1: feels like it's it's a never ending sort of Teeter Totter,

655
00:43:11,920 --> 00:43:20,279
Speaker 1: don't it? Yeah? No, what are you gonna do? Guy,

656
00:43:20,400 --> 00:43:35,879
Speaker 1: honestly don't know good politics. M Yeah, that's here. Thing

657
00:43:35,960 --> 00:43:39,240
Speaker 1: was recorded by Me Propaganda and East Low's Boil Heights,

658
00:43:39,360 --> 00:43:44,120
Speaker 1: Los Angeles, California. This mug was mixed, edited, mastered, and

659
00:43:44,239 --> 00:43:49,000
Speaker 1: scored by Matt Osowski. I can totally say his name, guys,

660
00:43:49,040 --> 00:43:51,439
Speaker 1: it was it was just stick. He's going by Matt

661
00:43:51,480 --> 00:43:54,320
Speaker 1: now again because he got to some legal situations with

662
00:43:54,400 --> 00:43:56,759
Speaker 1: the name headlights. Y'all know, comment used to be called

663
00:43:56,800 --> 00:43:59,680
Speaker 1: common sense, you know. Tip t I was tipped and

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00:43:59,760 --> 00:44:04,160
Speaker 1: top executive produced by the one and only Sophie Lectorman

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00:44:04,920 --> 00:44:09,239
Speaker 1: for a Cool Zone Media and the theme music by

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00:44:09,280 --> 00:44:11,520
Speaker 1: the one and only Gold Tips Gold Tips d J

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00:44:11,719 --> 00:44:14,840
Speaker 1: Shawan p So. Y'all just remember listen every time you

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00:44:14,920 --> 00:44:19,239
Speaker 1: check in. If you understand city living, you understand politics.

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Speaker 1: We'll see how next week