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The Federal Reserve can print as many dollars as it wants but it can’t mass produce cars through a printing press. It can’t print milk and eggs. It can’t print shoes.

People seem to think that if we just give everyone money, they’ll be able to afford basic necessities, while ignoring what should be obvious; if nobody is working to produce the goods and services, there will be no basic necessities to buy! I explain in this clip from Episode 725.

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