{"id":31969,"date":"2009-03-19T01:01:01","date_gmt":"2011-05-19T02:35:40","guid":{"rendered":""},"modified":"2021-05-18T12:15:36","modified_gmt":"2021-05-18T16:15:36","slug":"how_liberals_will_use_inflation","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/03\/19\/how_liberals_will_use_inflation\/","title":{"rendered":"How Liberals Will Use Inflation"},"content":{"rendered":"<section>RUSH: Montgomery, Colorado. No! Montgomery County, Pennsylvania. This is Steve. Great to have you on the program, sir. Hello.CALLER: Hello, Rush. Good afternoon. I think you\u2019re exactly right about the liberals\u2019 need for a crisis. I think there\u2019s a little long-term planning going on here and whether it\u2019s next year or the year after it\u2019s the inflation crisis. They\u2019re deliberately inflating the currency through deficit spending and monetary policy, and we\u2019re gonna hear a couple years from now that we need a greater social safety net for seniors because those on fixed income get adversely affected by inflation; for the poor, because the poor get adversely affected by inflation; and we can\u2019t deal with deficits now, we need to raise taxes on the top one half of earners.<\/p>\n<p><img loading=\"lazy\" class=\" wp-image-396847 alignright\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/2021\/05\/Rush-Small-mic-123.jpg\" alt=\"\" width=\"234\" height=\"243\" srcset=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2021\/05\/Rush-Small-mic-123.jpg 400w, https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2021\/05\/Rush-Small-mic-123-290x300.jpg 290w\" sizes=\"(max-width: 234px) 100vw, 234px\" \/>RUSH: Exactly. You\u2019ve nailed it. Excellent. Way to go. You should apply for a fellowship here. You have just nailed exactly what\u2019s going to happen. The Federal Reserve. I got a note from a professional golfer friend of mine who had just heard that the Federal Reserve is going to pump a trillion dollars into the credit markets, and the professional golfer said, &#8216;Where are we getting this?\u2019 I said, &#8216;We are printing this. We don\u2019t have this. We are printing this money,\u2019 $300 billion of it, by the way, to buy the long bond, which is causing bond yields to plummet. What else is going to happen with inflation, the value of the dollar is going to decrease, isn\u2019t it?<\/p>\n<p>CALLER: Absolutely.<\/p>\n<p>RUSH: Yes siree, Bob. So we\u2019re going to need exactly what you said. We\u2019re going to have to chaos. There are going to be tax increases and increased social safety net. Gasoline prices. By the way, inflation\u2019s already started. Consumer prices rose four-tenths of 1% in February. That\u2019s the largest amount in seven months. Gasoline prices went up 8%. The price&#8230; Let me check the barrel price of oil right now. Let\u2019s see. Crude oil, yeah, right here. Oh, ho! It\u2019s 51 bucks. Just last week, it was in the low forties.<\/p>\n<p>CALLER: And you\u2019re going to hear this as the need of the government to take over more role of energy and price of crude at the pump and every other sector they can get their hands on, college education, the works.<\/p>\n<p>RUSH: Well, don\u2019t forget, when it gets really bad, then we\u2019ll hear the need for price controls. In fact, there already are some economists out there who are now starting to sound the drums for price controls. Of course the bourgeois love of the notion of price controls. They think that means prices will remain steady. (chuckles) They are deadly. They are one of the worst mistakes that can be made, unless you\u2019re trying to just turn everything upside down economically. That would create a depression. If that\u2019s what they want, that\u2019s how they can do it.<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Montgomery, Colorado. No! Montgomery County, Pennsylvania. This is Steve. Great to have you on the program, sir. Hello.CALLER: Hello, Rush. Good afternoon. I think you\u2019re exactly right about the liberals\u2019 need for a crisis. I think there\u2019s a little long-term planning going on here and whether it\u2019s next year or the year after it\u2019s [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Liberals Will Use Inflation - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2009\/03\/19\/how_liberals_will_use_inflation\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"How Liberals Will Use Inflation - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Montgomery, Colorado. No! Montgomery County, Pennsylvania. This is Steve. Great to have you on the program, sir. Hello.CALLER: Hello, Rush. Good afternoon. I think you\u2019re exactly right about the liberals\u2019 need for a crisis. 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No! Montgomery County, Pennsylvania. This is Steve. Great to have you on the program, sir. Hello.CALLER: Hello, Rush. Good afternoon. I think you\u2019re exactly right about the liberals\u2019 need for a crisis. 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