Okay, I'm probably like you and you probably like me. Where the words I'm about to teach you right now, for the most of your life were useless, meaningless and pointless. They infect you in any way, or you didn't understand how it affected you in any way, and then when people try to explain it to you, they would explain it to you by using other terms that don't make no sense, talking about some puka shells and the cost of tulips and iron in the Dutch Empire, Like what
did you talking about. I've been very transparent about my struggles with understanding the things I'm going to teach you in the area of of discipline that we're about to talk about, because it's just not how we thought about things. This is another how much a dollar cost episode. We're gonna talk about some economics, and again, just like politics, once someone gives you a different vocabulary about it, I'm pretty sure you'll be able to follow and understand exactly
what's going on. So what we're gonna talk about today is the von Dutch hats and Choco tacos hood politics. How much of dollar costs? So here, how much of dollar cost Listen New sent Shock waves through all of our wonderful memories of childhood when we saw that recently the Klondike Company decided to discontinue the Choco Taco. Now, there is a very objective understanding of what is the
best things to get from an ice cream truck. The drumsticks, maybe a push pop, you know what I'm saying, if you don't have a lot of money, you know what I mean, because there was a lot cheaper um, but the Chaco Taco, this was a coveted piece of of treats. We were heartbroken to hear that this thing was going away.
Depending on the quality of the ice cream truck, I think I've told you this before a lot of times, some of the ice cream trucks be held a dusty and ain't got a lot in there because they're really not ice cream trucks. There covers for drugs like this, this is a a drug dealer, so he doesn't really take care of his ice cream. And then there's those that are like, you know, really, you know, running in an amazing business. And when you hear that song coming down
the street, you knew it was go time. And if you was bawling out, you know what I'm saying, you get a couple of things now laters, which I was a full grown adult before I realized they were called now and laters. But the chaco taco isn't a very important part of our childhood now. As a side note, one could argue that all we're actually remembering about the taste is our memories, is the time of life we were in. It were just reminds us of a time
of innocence. Were they that delicious? I don't know, because I can't remember the last time I had one, Which is the point I'm trying to make. Everybody that was so outraged about the discontinuing of choco tacos, Oh my god, it's so sad. You know, it's the end of the era. Like when the last time you bought one, the demand is gone. We was in the whole pandemic. Was you sending your kids to the ice cream truck? How many of y'all living communities that still have ice cream trucks?
Mind does Because I live in Boil Heights, we are still kind of live in a hood. So we got one. We got a trot o man. We gotta bot that old man. We got man. You know, what I'm saying, like, we got all these there's a Tomali lady, you feel me like, I just this is just the experience in Latino communities. Is you get to have these things still coming down your street? I bet you? And when the last time you've seen the ice cream truck? I wait, when the last time you bought a Chaco taco? Now,
y'all win got fro Yo. You feel me? Y'all was looking for, you know, gluten free and dairy free options, so you don't even remember the last time you bought them? So why would they keep producing these things if it ain't making no money? Now on the other side that thought, I thought to myself, you know what, I've never purchased a Klondike bar. It's strange to me. This is probably just by my location. Culturally, It's strange to me that the Klondike bar has continued, but the Chaco taco has not.
And that's probably because you can get a Klondike bar the grocery store. I just don't remember ever buying one. I don't even know Klondike made Chaco tacos. The thought never crossed my mind that these treats came from a company I just never thought about it, just like you. But since they do. You got all the supply and no demand. So when you got a whole lot of supply, meaning we got all these Chaco tacos just sitting here in Melton, melting and ain't nobody buying them, your first
thought is like, well, maybe let's lower the price. That's like, you know when you see end of the year sales clearance, It's just like, I just got all this stuff done. Nobody wants all the last year's fashions, don't nobody won't them, but I gotta, I gotta get rid of them. So you try to lower the cars. What that is is the idea again of supplying demand. I got all the supply and got no demand. So you lower the price, but you can't lower it to zero. So you're like,
I guess I stopped making it. But what if you don't want to stop making it? What if you like, well, you know, their nostalgic. So one one solution could be maybe you know, you put them in the grocery stores, you put them next to the klon die bar, and you charge twice as much for the klonde bar, and then somebody goes, well, dang, it's the same company. Man, it's you know, maybe man good that costs too much. I'll get this other one. It's one way to solve it.
You know, you're just trying to figure out how to offer your product. Now is that a good idea? Because now you're killing the sales of your other products, like or you just be like, cut your losses, get out the game. It's done. I let y'all, I'll let y'all cry over it, and maybe y'all crying over it will start raising the demand again, which dupe because I got
a big supply. But who knows who understands that? What if one day, you know, you decided to discontinue it, and then some guy, some TikToker you know, with three trillion followers, says he wants to go get a Choco taco, says she want to go get a Choco taco, and she go do one all of a sudden, at least for that last little blip, all of a sudden day everywhere. Now you gotta high demand out of nowhere. But what if the demand is so high you can't meet its requirements.
Now you gotta high demand and a rather low supply. Well, how you control that, Well, your price goes up, you get off fat Joe on us. Yesterday's price ain't today's price. Last year, they didn't want me. Now I'm hot. They all on me. Get some Mike Jones, y'all on me. Now I can charge I can charge more now. One I could charge more now because you're demanding it, and two because well, dang, I don't have a lot of them.
I can't just offer them right now. Then it's like, well, we gotta be able to make more, So I gotta raise prices so I can make more, and not only make it more, not only raising the prices, like well, kids got a lot more money these days, you know. I mean it's like the dish. There's a lot of dollars circulating. So if I charged too low, Y're not gonna value it, you know what I'm saying. So like yo, yo, I need your dollar to do a little more work.
And since you're dollar not doing a little more work. If I look at you know when they was like yo, when Chaco Otaco was hot, they was only they was fifty. There was a dollar, you feel me. But you're looking across the table now at them. Throw your foods. They charging phote dollars and you're like, hold up, if I'm gonna compete with them, apparently y'all got it, So I'm gonna start, well, I'm gonna charge you with they're charging because y'all got it. Yeah, y'all got the phone right,
you know what I'm saying. But they were saying, well, will four dollars used to get me? That gives me the cup, the toppings, the ice cream, the spoons. You know what I'm saying, Just give me all kind of stuff that the four dollars go a little further over there at to throw your spot. So you're like, oh, oh my dollar yo. So for me to make you the chaco taco, for me to make what they make it to throw your spot. As far as profits, I have to charge five. Uh, that's that's kind of crazy.
And also you know ice cream and the chocolate. It costs a little more then y'all because y'all you know the throw yo. They got the vats and you'll feel me. They got the kegs. We ain't got no kegs. We gotta make them individually. That's gonna cost me a little more. So maybe I gotta charge six and you the kids going, well, let me get this straight. I'm paying more and getting less that and I or it's like, yo, I bought this thing yesterday. It was five hours today at six, Like,
are you are y'all playing games with me right now? Well, no, this is how the economy works. We are talking about inflation and recession. This is where we're gonna learn about today, inflation and recession. I mentioned the Von Dutch trucker had because at one point that thing was so on fire. Now listen, it was hideous to me. I was never into the Von Dutch, the true religion that you know, rhyin stone jeans, you know, none of that. I thought
them foods look ridiculous. I'm like, that's a trucker hat with a patch on it that costs too much. I just it wasn't my thing. But it was the hottest thing in the world, right, and then all of the sudden it got so hot that it became corny. The price was so high, right, it was so ubiquitous, It was so everywhere that it just seemed like it was gonna be on top of the world forever. And then it Wasn't you find it a thrift store from five
dollars if you wear it. At some point culture changed and it became a joke to where that outfit out of nowhere. I mean, at least from a consumer standpoint. It just got so played that you was like, I'm done with this. So with the Chaco taco, we just kind of grew out of it. It's just the market moved on. That's a little more predictable. With the vond Dutch hat, it just seemed like overnight, just we decided, all right, this is wash. Okay, y'all doing too much.
What I'm trying to say is like, in understanding any economic model, there is a wild X factor called humans that you just can't listen. I don't care what your models say. And this, to me was why economics was always so hard. I don't care what your little models say. I don't care. Like, it's really hard to predict where culture gonna go. You can look at huge trends like if if if your lens is wide enough, you could do it. But some stuff just defy all models. It's
just how people be. We just decided Von Dutch was corny. We just did so. While you were stocking up for the next fall season, you woke up one day and was just like, ain't nobody buying this? Just what you gotta do? You gotta lower your price. Hopefully got it delived. You can't. You just can't predict humans. Now, let's get into the specifics, nuts and bolts and some mystery about like what America has tried to do to control this stuff.
Let's take a break. So terms all over the all over the news right now, inflation, recession, all these different things, like I said, like they didn't really mean nothing to me until I really, uh was able to get my brain around what you're trying to say, because again, you grew up like I grew up, Like we never had enough money. You just always made it work. Like what are you gonna do? What are you gonna not get gas? We're gonna not go to work? What are we gonna
not eat? Though sometimes we didn't eat or we just like you know what a thing? What an of triggering things for black people in the hood is spaghetti because it will last forever and it feeds up people. You So you be eating spaghetti like fouring five nights a week because you make one pot and it feeds somebody, It fills you and it lasts forever, you know what I'm saying. So even if the money was short, even
if the money was funny, you get it. How you living, You just go figure out other things, you know what I'm saying. So you're telling me like, oh man, the markets doing this and the stock marketing the doll jones, I'm like that, don't. My life is not any any different in any way. You have to pay the bills, you know what I'm saying. And up there was again there was never enough. So I like, we were never comfortable.
I mean, we were comfortable enough, but like my grandma used to say, and my mom used to say, there by the grace of God go I, which basically means, won't know where that stuff is coming from. I don't know why it's working. It just does, you know. But what does any of this stuff mean? And why do we need to care about it? So? Definition time inflation is when the price of an item rises, not just because of cost of living, but it's just going up.
Which another way to say things cost more now is to say is to say that my dollar doesn't get me enough. They call it buying power. It's the It's two ways to say the same thing. Three dollars used to be able to get me a Costco slice of pizza. And I don't know if you saw that that that video going around where they saw the dude climb up and change the price from two dollars to three dollars or three dollars four or whatever case. When you were
watching him change the price, it's the same pizza. We're not making more, you're not raising minimum wage. So what cost me two dollars yesterday is gonna cost me four dollars today. That's called inflation. Why does that happen? It depends on who you ask. And this is where it gets political because some would say, well, it's it's government and invention. It's when you pump too much money into
the to the system. Member member, we talked about that where I was like, you know, again, money made up, so it didn't make no sense to me. I'm like, if we're in debt, just print more money since we get since we made it up, you're telling me the government, oh four trillion dollars, Okay, go to the machine right now and make four trillion right. But when you do that, that means again the value of the dollar. It's gone because it ceases to mean anything. You gotta you gotta
keep the amount in circulation. Little. It's just like you and your little Pokemon cards. If you catch a rare Pokemon, it worth more because it ain't that many of them, you know what I'm saying. But you can find a charges are anywhere, So a charge our car that I mean that there's a million of them. They don't it, don't you feel me? So it's like it don't the
value of that card. It ain't got no weight. So you can't just print money because the money loses its weight then, right, but some would say that's the cause of inflation. We just printed money, so that mean the money don't mean nothing. So that means I gotta you got all these people who all this cash, y'are buying up all my supply, right, so you gotta high demand and a low supply. Y'all got all this money. Y'all got all this money you want to spend. You got
all this this stuff. You want this high demand, but we can't make it. We ain't got enough, and you just got money. It's just money everywhere. So okay, it's a brazilion dollars. When I used to teach. Actually know what. I got this from my eleventh grade English teacher. He used to say, your assignment's worth a hundred points, and we'd be like, dang, that's crazy. Then he would be he would say this essay you gotta write is worth
ten thousand points. I would be like, oh my god, man, you would if we would freak out, and he would go do This's just he told me one day. I remember because I was like, he was the real cool teach. He probably what got me into like sociology cultural studies. He's one of the one of the reasons why I actually wanted to study it, like multicultural like intercultural studies. But he said, uh, because it's just a decimal. He's like, ten points is a hundred points, is a thousand points,
You're just moving the decimal. I just do that to freak you all out. This man was using inflation to scare us because because he's right. He's like, I mean, I could make this thing worth ten points and you get a nine point five, or I can make it worth the hundred points and you get a nine. It's just they're just decimals. I was like, dang that you're you're smarter than me, remember my loving crazy So I started doing that in my classroom too. I was like,
but I did it the other way around. I was like, your homeworks were ten points, Like that's it. I'm like, yes, it's just a decimal. I don't want to do the math yeo. Anyway, As a side note for any of you math teachers out there, one guy that used to work with me, he made all of his tests like the answer key. All this tests were ten questions. We're twin ten math problems, and the answers if you did one through ten was a phone number he had memorized.
So if the phone number is like five six too, which is l a area code, So like five six to one nine, I'm making up this number five six two two one nine to night, every answer of the ten questions would be the first answer is five, the second answer is six is. So he would be able to grade them real fast by just being like, Nope, that's not the phone number. Nope, that's not the phone number. Nope, that's not the phone number. Brilliant. I didn't. I didn't
teach math for a long time. I taught it for a little bit, and when I did that's that's what I did. Cut your grade in half. Anyway, I don't know what percentage of y'all are teachers, but uh, it's a great hack. So inflation is something we all understand because it's simply just means the prices is going up. It's inflating my I gotta make I gotta too much month at the end of my money, you know what I'm saying, Like we we check to check out this mug.
But what's so unique about inflation is the fact that, like this same check, last month's fine, we were fine. This month were not. And I I haven't made any extra purchases. It's just everything costs more. I was literally at the ice cream truck yesterday. The Chaco taco was a buck fifty. What the hell in doing three islands today? What changed? It's just the price has gone to and and and. Look. I don't care how staunch of a conservative, libertarian, whatever,
whatever your political stances. At some point when something costs too much all over the board, you want somebody to do something. All of a sudden, of sudden government intervention is something because you could either blame that person, oh you know, you know this, This president he's messing up all of our prices. Mike, Well, okay, is he? You know what I mean? Well, what you want him to do about it? I think the government should stay out of our affairs. Okay, Well I won't do nothing it. Well,
it's the government's fault that this is. Okay, Well I'll do something. Well, you need to say it's like dog, you can't win, you know what I'm saying, Because whether you Kanzian or Smithian, or small government or big government, when something costs too much, we can't afford to just live as a as a whole because again, like I said, where I came from, we never had enough. Just figured it out. Now. Some others would say that the reason for inflation has to do with the global economy to
supply chain. You know what I'm saying, Like, well, if something costs me more, I have to pass that price down, you know what I'm saying. And whether okay, So then then we talk about like taxes on stuff like tariffs, like, uh, you know our own costs to live in You know that I want to pay my workers. Well, you know there's all these all these other things like you know
this whole chip shortage. You feel me this, uh, the war in in Russia, you know what I'm saying, like all these other things, or just straight up good old fast American corporate greed. I'm charging this because you'll pay it, because you got to pay it. That's one thing, Like, well, that's what's so crazy about Like gas, you know what I'm saying, Like crue To, it's like, well, what you're gonna not use it? You like you you gotta you gotta pay it? Would you want me to say? So? There?
And some of it might just be that, but at some point or another, whether we can agree on how we got here and how we don't and here's here's a news flash. We don't agree. We actually don't really know how it works because people are the X factor.
We still gotta figure out what to do. But when it comes to the government, though, you want somebody to do something, and if this person is supposed to be empowers person supposed to be in charge, you're supposed to do something, right everybody, Hey, government, until you can't afford you rent me. Now it's a hey, big head, you
know what I'm saying. So over the years, we've tried many different ways to try to as a nation as a total economy bring the price of stuff down, which in some senses it's like I kind of never understood like why that was necessary, in the sense that if
something costs too much, we just won't buy it. And if we don't buy it, then you got to lower the price because that's one of the like And now this is a very again, like I said before, people are x factors and there are some things that you can't skimp on, but there's other things that you can that you can. It's like we ain't buy the name brand Cereal because they cost too much. When the price went down when it was on sale, we bought it.
It just it would just still sim to me. So I think there's one things with like business to where it's like you can charge what people will pay, you know what I'm saying, But check this OUTO. This is where I get crazy because the same amount for two different things. Because people are so interesting. Like if you say to yourself, Okay, I'll buy this toast, you know what I'm saying, with bean sprouts and avocado on it
for ten dollars because it's good. But if there was a an app on my phone that said, hey, we'll remove all the ads for ten dollars. I'm like, is you crazy ten dollars for an app? What? It's the same amount of money, but I have there's a perceived value I have for this Alvo toast. I'm not dragging Alvo toast. Avocado is amazing. It's just you know, toast. When it's done right, it's amazing. If you can make a good one, you know, do a little Friday Egg,
gonna do a little Loco Moco. You understand what I'm saying. It's bombed the meat. I'll pay ten dollars for that. But you know what I ain't gonna pay ten dollars for is like, uh, like a value meal at a restaurant, at like a fast food joint. I'm not ask too much. It's so there's more food with that. I just don't believe that that is worth my ten dollars. I can't
explain it. That's just how people are. So we've tried many ways to keep inflation from going crazy, right, And some would say, you know, the purists are just like you know les fair let the buy everywhere, like the economy a fixed itself. People ain't crazy, right, Uh, it just doesn't that just now happens for some reason. I don't. I don't get it. It's just dope, right, because of a lot of things. Really I'm being silly, but like
because of a lot of things. You know, sometimes it's um racism, sometimes it's greed, and you know, maybe if you give me a couple of cocktails and I'll draw that line for you. But like, that's that's not what we're trying to learn right now. Let's let's not overcomplicate things because it's already hard to understand. So one way to do that, and we actually tried this, like post World War two, you know what I'm saying, where we agreed. There was even a whole like straight up government office
that was all about price control. That the government set up price for something, and it was like outlawed, illegal. You get fined to raise your price pass a certain threshold because of cost of living. They're like, look this the money we got. You feel me, if I'm gonna feed my family based on what average wages are, you can't go higher than that because that's like and who wouldn't want the idea of knowing for a fact that this corporation, you know, this company can't price gouge me. Now.
The only way for that to work is you have to add rations to that, which is what we did as a nation. I don't even notice, but like rations meaning like okay, check this out. Like if we're saying eggs a carton of eggs, you can't charge more than
three dollars for a carton of eggs. Foods will go in there and be like, give me twenty cartons of eggs, and now they all gone, And then you know what I'm gonna do, like anybody else would do, I'm about the whole stack of them and sell them out the garage because I'm not a corporation, right, and I can sell them for five dollars because there ain't none that the store. That's what anyone who got any sense would do, right. So they said, okay, now you're not allowed to do that.
You can only get so many cartons, you know what I'm saying per household. Yeah, they had what's called a ration card out of the yain. I know that, y'all. This was in America, like we did this, and it was again to make sure that the prices that that that the dollars still get you and we're trying to trying to catch all the prices right, and when you
run out, you run out. Now, everybody like that except for the the business people, because they was like, Yo, wait, hold up, how I'm gonna compete with the store next door if I can't fluctuate my prices here. Not only that you're telling me, it's like say, for example, you know you gotta you gotta you gotta gig where you need to uh for your business. You gotta get these certain like three fourth inch nails, and these three fourth inch nails are out of stock because of these rations.
I'm now out of business. I mean there's nothing I can so if I'm out of business, fam I just fired all these people. Now there's unemployment, so you're trying to keep the prices low. Hello, is zero because nobody working because you won't let me make no profit. That's they was arguing. Because check this out. Here's what the other side of inflation happens. And this is why it's always a tug of war, because to bring down inflation,
you got to create a recession. What yes, unemployment, because look at if the employment is low, I don't care what you charge. I ain't got the money for it. And if I ain't got the money for I think, guess what happens? The supply grows and the demand shrinks. You see that. An inflation is when the demands high but the supply is low. A recession is when the supply is high but the demand is low. I can't get it because I ain't got it. So what happens if you can't sell no product? You try to do
what the Chaco taco do? You lower the price. Because if I lower the price, maybe y'all will start buying it again. But I mean, if you as American as I am would, could you honestly imagine America actually trying to put some sort of government agency for prices? Like, as you serious, you really think that's gonna ride? Absolutely not, because it didn't because they just like us, right, so
it ain't ride. You know. Uh, Nixon tried to do it again, except when he did it, y'all know, y'all remember the pictures of the sevenies and people siping gas. My my daddy used talking about that. You go in there and go to the gas station, suck the mug out, spit it out real quick, and try to get some gas. Because gas costs to what it was running big old lines down to me because listen, there was look at the demand was high, supply was low, so it costs
too much inflation out the window. So what he tried to do, will say, okay, for the next ninety days, nobody raised their prices. I'm gonna trust y'all to be cool about it. The problem is what's gonna happen is what we would do with the X because he didn't put no rations in place, which is like, oh, you're telling me, okay, so so kannye. Saturday is two dollars
a pound. I can't go hired than two dollars a pound. Okay, give me a hundred pounds of it, and I'm gonna sell it, and I'm gonna sell it out the trump. I know it's weird to sell knee out the trunk, but you just put ice in the trunk and if it ain't none over there, what you're gonna do? You know? The kid, like we said, the kid I did that a long time ago, the kid that had the backpack full of candy at school. He charged, whatever you want, what you're gonna do, where you're gonna get. I'm your
only option charge what I want. You gotta clean this stack. Listen all of y'all trying to This is stock x. This is you trying to buy sneakers. That's how, that's how. That's how it worked. This you're trying to get concert tickets. A third party bought up, bought the whole arena and selling to you what they want to sell because you can't get anywhere else. It's the American way sucks, right, but the more modern way people try to fix it. And this is where it gets real crazy. Where I
was like, I don't know what y'all talking. This is where I usually check out, but don't check out with matter of fact, I'm gonna give you all break real quick. H m hmm. All right. Then you start talking about the Feds and interest rates, and usually I'm like, okay, if I don't understand what you're talking about, like what that got to do with anything. This is how it works. Prices go super high because of inflation, right, high demand, low supply for whatever reason, we all need this stuff.
This is what's happening. So to bring that demand down, this is what the FEDS do. They raise interest rates. What does that mean? So remember I told you, like interest is very simple. You gotta pay me to let you use my money. I'm not just gonna it's not gonna be just a one to one exchange like I'm offering a service. So a hundred dollars is going to cost you five right, you know five of a hundred dollars is go ahead and do the math. You got it.
It's five bucks right? So uh cool, um, if it's if you pay it off right then, but remember compound or like it's five percent every time you pay the bill. Anyway, I don't want to get into that. So you would raise the interest rates, and what do you do for who? Who's going to get loans? People buying houses, so people got money, people buying houses, people owning businesses. You know
what I'm saying. People trying to do that. So so, so the idea was this, if we shoot the price of interest up right where it's like I can't afford to I can't afford to go get no loan, whether you are home or a business, the price is gonna get so high. Like we said before that you like, I'm good, I can't go get a new one. And not only that, the bills I got now on my business. You just shot my interests up, so that means nobody's going to get the loans because ain't nobody got money
for it. So in theory, that's gonna make everyone else across the economy now have to lower their prices because nobody's spending anymore because it costs too much. Right, Well, the priv him is if businesses are doing this, if they bills go up, they can't afford to pay people what they was paying them. You understand, you can't afford to even keep the same amount of employees. So what
happens is gross unemployment. And then when unemployment happens, like we said, you get a recession, we ain't got the bread. And the hope is when you have that the ideas that you're it's like it's a balancing act. It's like inflation goes so crazy, or we better raise the interest rates to make everybody drop their prices, and then now people are spending again because it's like, well, yo, I
can afford it again. It's the sweet cereal, Like the price went down, I'm cool, But if the demand's gone, you gotta be a choco taco Like well, I mean I was buying it at all, So what are we doing. There's zero demand, all right, because I got this high supply, no demand, right, So the the goal is to try to pull levers like this. Now, this is what you're listening to. Is reaganomics. This, this is Reagan. That's what
he did. That's what that's the eighties and people claim, which is the craziest part to me, because we came out of the eighties after two courses as a nation, after two terms of of Reagan, we came out into this nineties economic boom where the nation was just bawling and they were saying it because well, because Reaganomics worked. But I'm like, unless you black or brown, because the
eighties I remember was vast unemployment. Foods couldn't find no jobs, and white think we white think we were selling drugs. Well there was but no jobs nowhere. You couldn't go get a job and if you did, it paid nothing. Because of this thing you're telling me fix the economy. You're this again. This why economics don't make no sense to me, because I'm like you telling me this is
a success. I don't I don't understand. Oh, well, you know the prices of things went down, you know, and they think was like, yo, you just gotta sweat it out, sweat it out, tough it up, make it work. Remember I told you I was raised in a way that it was like, well, there was never enough. That's because I'm a child. I'm a I'm an eighties baby, the child of the nineties. I was in this, this is
my time. There was never enough. Jove's head, he had this idea that like, okay, so we raised his interest rate. I I lowered the taxes of these businesses, and eventually that money is gonna come down and you're gonna be able to hire more people. People don't get new jobs.
You know what happened though, is people was people. That's this was supposed to be called trickle down economics, meaning keep the prices low, let the government stay out of it, cut your taxes so that these companies now have more more more buying power, more spinning power. That means you can hire more people, you can expand you could get them. So then eventually that tax break is gonna get down to the people. Guess what happened. The tax breaks stayed
at the top. They just pocketed it, so it didn't it never trickled down. It's the point, at least to us. I can't talk about nobody else's community, but I know in my community didn't change nothing, Joe say. But it convinced the nation that that's how you fix inflation and recession is you give a little bit of recession and to fix the inflation. Just just you know, Teeter Totter, tip for tat you feel me, keep the scales balanced, so von Dutch Choco tacos. It's all about supply and demand.
And there are things that we may not necessarily understand as to why we demand certain things. But if the supply is low and the demand is high, you can charge whatever you want. And why the supply is low can vary, right, But either way, the prices go up without us making any more money than we normally do. That is called inflation. And the recession that everybody is talking about is when the prices dropped so low that no business is really making money because nobody can actually
buy the stuff because the recession caused unemployment. Kind of feels like it's it's a never ending sort of Teeter Totter, don't it? Yeah? No, what are you gonna do? Guy, honestly don't know good politics. M Yeah, that's here. Thing was recorded by Me Propaganda and East Low's Boil Heights, Los Angeles, California. This mug was mixed, edited, mastered, and scored by Matt Osowski. I can totally say his name, guys,
it was it was just stick. He's going by Matt now again because he got to some legal situations with the name headlights. Y'all know, comment used to be called common sense, you know. Tip t I was tipped and top executive produced by the one and only Sophie Lectorman for a Cool Zone Media and the theme music by the one and only Gold Tips Gold Tips d J Shawan p So. Y'all just remember listen every time you check in. If you understand city living, you understand politics. We'll see how next week