Attention. You're listening to the top Huff radio show, America's home for conservative not bitter talk radio. Be advised. The content of this program has been documented to prevents and even cure liberalism, and listening may cause you to lean to the right. Here's your conservative but not bitter host, Tod Huff.
Well, my friends, Kamala Harris is gradually and very slowly, maybe unintentionally, telling us who she is, and we should listen to her. My friends, got some things that Kamala that Kamala Harris has told us that she's going to do. In fact, she's announced one of her first I guess major, and that's to effectively become a socialist at best, a communist at worst. I'm not making this up. We'll talk about it. My friends here in do course welcome today's program.
I am your host, the benevolent dictator here behind the microphone, Todd Huff. You can join the conversation. You can share your thoughts and your questions and give me feedback and share articles you want me to talk about. Can't always do it. I have to run it through my process. But I certainly look at these things. Todd at Toddhufshow dot com three one seven two one zero twenty eight thirty and it's my my pleasure, of course and honor to be here with you today before we get rocking
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want to start here today. I want to start here today by talking about Kamala and what she says that she wants to do. Well, let me, I guess we'll take a hand a step back because I want to tell you how we got here and give some context. So we need to start with the issue of inflation, right. Inflation Inflation is now for the first time since March of twoenty and twenty one, That is three and one
half years ago. That is almost for the entire duration of this absolute debacle that we call the Biden Harris administration. For the first time since basically Biden took office, for the first time since Biden's policies went into effect, we see inflation under three percent. Now, this is not some great accomplishment. As I outlined and detailed yesterday. In Trump's entire four year term as president of the United States, inflation hit two point nine percent twice. It hit it twice. Now,
what happens now many of you know this. Now again, I'm gonna share this quickly because we have people, We have people who are in all different walks of life and in all different levels of experience with politics. So let me just explain it to those who might be newer to this and not really understand what's going on. So, every month there is a report on what we would
loosely just refer to as the inflation rate. So every month, so this is what this is the middle of August by September, I think it's about about two weeks in. I think it's on or around September tenth, September eleventh, you're gonna hear. You're gonna hear an inflation report for the month of August. Now it's not just for the month of August, it's for the previous twelve months. So it's for September of twenty twenty three through August of
twenty twenty four. And what they say is they'll say in that twelve month period, the inflation rate again consumer price index, but inflation rate is x percent. Is x percent. So that's what's happened. So in January of twenty one, Trump, of course was president for the first twenty days, the last eleven days. Biden was president in twenty twenty one. And of course, I look, let's make no mistake that
this is that there's a lot of factors here. I can't lay the blame at the feed or the credit at the feet of the president of the United States. It's not that's not how that works. Now, it's certainly they certainly have something to do with the inflation rate, but they're not solely to blame. In fact, Congress is
the culprit. And of course, boy, I don't want to get into the whole thing with the money supply, that's a whole nother discussion that's you know, just the it's complicated right at the FED and all this this sort of stuff. But essentially, essentially government policies are one hundred percent. I cannot overstate this. Look up Milton Friedman. In fact, I thought about pulling one of his soundbites, Milton Friedman.
The great economists who he passed away, I don't know, back in the early two thousands, I believe, early to I don't know, in the past, say fifteen years roughly give or take. Absolutely brilliant economist Milton Friedman, free to choose as a book that he wrote. He was He actually was one of these individuals who tried to take his message, try to take the message of economics to
the masses, and he was quite successful at it. In fact, he made many appearances on Donahue if you remember, for those of you who are older, Phil Donahue had a talk show and Milton Friedman was the guest on there. On several occasions, he would make speeches at campuses or other venues. He was one of these folks that had a knack for getting the very we must say, the very very technical and maybe the very boring economics education out in front of the masses, and he was a
great communicator. And so Milton Friedman correctly, i should say, correctly defined what inflation was and who was responsible inflation. As you can go back and find these sound bites from Milton Friedman, and he's right, he is one hundred percent right about this. Inflation is not the result of It's not the fault, I should say, of trade unions. Inflation is not the result of corporations. Inflation is not the result of someone in some foreign land creating problem
for us. No, no, no, my friends, Inflation is solely one hundred percent the responsibility and the fault of our federal government. You cannot even blame inflation on state governments. And the reason for that is because the federal government is the only government who has a magic button. Remember the old Staples easy button, that was easy. That's how government views the creation of money. So what happens is government wants to spend money. They want to spend money
like it's coming out of their ears. They want to spend it, but they don't want to directly tax the people. And so inflation is this it's a direct tax, but it's an indirect tax. It's not as though they passed a piece of legislation and they say we're going to raise your taxes from x to X to y. No, no, no, it is something that is being stolen from you without
a lot of people even knowing it. And so what it basically means is that when you look at all of the productivity in an economy, if you look at the gross domestic product, for example, and let's say that there's just for simple just for simple math, let's just say that there's ten trillion dollars of economic output, Well, the money supply would be increased in a greater rate than the amount of productivity of the of the economy. This is very simplistic how I'm explaining this, but you
get the idea. So there's more money that's being created to represent the value of what has actually been created in the real world through work and through trade, and so there's more money that's being produced and pushed into the economy through the government, right through the government, and that makes the money that you have worth less, not
completely worthless, but heading in that direction. So what happens is what happens is the it's not as though the prices are increasing for goods just because of factors like I mean, I don't know, just simple supply and demand or anything along along those lines. It is they are increasing uniformly across the board, across all specters of the economy. Two, they are increasing because the dollar has less purchasing power, and that is inflated through the government. The president is
a part of that. But the president isn't the only one. The thing with the president, the president has the greatest ability to steer an agenda. You know, it's one it's one person who everybody generally knows. In a mayor Rica, who knows They don't know what year we were founded, who we got our independence from. Many people can't name the president or the vice president, but anyone with the brain paying attention knows the president. The president has a
direct line of communication to the American people. We call that the bully pulpit. And so there are things that that president can do to really drive home fiscal policies, economic policies. Of course, he still needs the cooperation I suppose that's the word you would say of Congress. But he has quite an impact. She would have quite an impact on inflation. But it's not one hundred percent his fault. But all that being said, give you some groundwork, there's
some background. All that being said, from the time Trump was president, in the entire four year term, every month when those reports came out, two point nine percent was the ceiling. Was the highest it ever got. When Trump was president. It never hit three percent. It only hit two point nine percent I believe twice, I think two point eight percent once. Beyond that, it was lower. In fact, in many cases much lower, in the in the one
point something range on multiple occasions. So all that being said, the administration is excitedly applauding themselves. We've got inflation down to three percent.
Now.
People don't understand inflation. They don't understand what I just said. I mean, there's a lot of people, many of you, of course do some of you are learning it. That's fine, I had. I mean, we all go through this process for those of us who want to follow this and understand it, and so, but there's a lot of people who don't know, they don't care, They misunderstand. Inflation is not simply price is going up. Now, inflation always leads to prices going up, but not every price increase is
the result of inflation we've gotten in this country. I think economists have gotten lazy, or perhaps they've gotten tired of trying to explain this to people. But there is a there, There can be a price increase that's not tied to inflation. For example, let's just say, let's say God forbid, you can see Israel is preparing for war with Iran. That's something that's in the stack of stuff at toddefshow dot com. But they are preparing for war with Iran. Let's say that that happens. I mean, that's
the path that we are on. I don't know what's going to happen here, but let's just say that that is in fact what happens. Well, one of the things the Iranians, of course, that they're over there in the middle of the part of the world where we get a lot of our oil from. Well, what if they, through the war efforts here, create some of their either direct war efforts or they do some sort of an oil embargo, they make the transportation of oil out of the Middle East harder or even impossible to get to
other parts of the world. What's going to happen to the price of oil based products into including gasoline where they're going to increase because it's now a supply and demand problem they don't have. We wouldn't have the same supply. This, by the way, is why Trump talks about drill baby
drill here in the United States. This is why Trump doesn't want to see This is why conservatives don't want to see these leases on public lands taken away for oil and gas exploration, because the more that we can produce domestically, the less likely we are to really experience a major problem from this sort of thing. And in a volatile region. This is a violatle region of the world, the Middle East. It has been for a long time,
it will be probably until the end of time. So you're looking at this and you realize that is not inflation. There are other facts actors that can cause prices to go up, and this is a supply and demand issue in particular, supply issue in this example. And so every time prices go up, it's not because of inflation, although that's what we commonly refer to it as in fact, we'll see inflation affecting different sectors of the economy at
different rates. That's not what true inflation is. True inflation is uniform. So if prices have increased in food by twenty percent in three and a half years, you have to look at how much of that is directly tied to what we've done by oversaturating the economy with additional money, thereby driving down the value of the dollars, therefore requiring you and me to give more of our dollars to a vendor, to a grocery store to purchase the food. It's not it. Maybe you might see a higher price
increase in say gas than food or vice versa. But there is cooked into those numbers. There's a certain amount that says this much of that is because of the fact that the government is creating too much money. And so the numbers got up around nine percent. I mean, we got close to double digits under this administration, under the Biden Harris regime last summer, and so now it's down to three percent, two point nine percent, it's under
three percent. They're celebrating this, But let me say something else. Prices are not coming down as it pertains to inflation. Prices may come down because of other factors, but my friends, all we're celebrating is that we're inflating. Inflation is increasing at a lower rate, it's still increasing. It's still two point nine percent. It's still a factor. The prices that had been driven up because of inflation are not suddenly
coming down. They might be coming down because of other things that could affect supply chains, supply and demand, all that sort of stuff, but it is not coming down because because inflation is being reversed, it's just slowing the pace. It's just slowing the pace. So inflation is one hundred percent the fault of the federal government one hunt not ninety nine percent. One hundred percent. It's not the fault
of big corporations. And this is important because Kamala's solution to this is to not do anything with the government, well, to use the government as a blunt force object to force corporations, to force businesses into what she's basically she wanted to control their prices. She's saying that they are the ones that are creating this problem because they are charging too much for the American you know, to the
American people for these products. And so she's gonna just arbitrarily, I guess, say, this is what you can sell a gallon of milk for. This is what you can sell a loaf of bread for whatever, a pound of hamburger, and therefore that's gonna, lickety split just solve our problem. Of course, that's going to make it worse. It's going to make it infinitely worse if this stuff happens. This is not a good thing. And for the low information voter,
they're out there cheering this. They like this. The media loves this. It pushes us further left. It gives the government more power and control. It targets the business community and not the real culprit here, which I've clearly explained is one hundred percent. I'm not even saying listen, in most instances, both parties are to blame. And I'm not giving the big corporations a free pass because they have created other problems. They have given in to the government.
They've played along with the DEI initiatives and all this sort of stuff. They are woke, they are part of the problem. They have been involved in censorship. They have a lot of responsibility for a lot of what's going on in this in this country today, in the sense of it being not so great or absolutely terrible in some instances. But they are not to blame for inflation. They are not. That is one hundred percent, one hundred
percent the fault of our federal government. So it's with that said that I want to get into Kamala's announcement, her policy on inflation, what she says she's going to do to address this, and it should terrify anybody who understands economics. It should terrify anybody who understands what it means to be free, to live in a free market society.
It should terrify anyone who's ever experienced what a socialistic economy will do, or god forbid, even worse a totalitarian communistic regime can do to a free people and to a prosperous society. So that's where we're headed and the remainder of this program, at least in this particular hour,
my friends. So as I get to the end of here, this first segment, I got a minute or so left, But let me remind you that if you are a smoker, if you vape, if you use chewing tobacco products, that nick Nack Naturals is here to help you crush your vice. They have created a nicotine mint that meant fully dissolves in your mouth so you don't have to deal with the smoke, the spit cans, the slimy pounches, the bad breath,
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Naturals nickknack dot com promo code todd. So when we get back here from this short timeout, we are going to continue talking about inflation, but in particular inflation the government's response under a Kamala Harris regime and what she says that she wants to do, and how that is devastating for a free people, for free markets, and for a prosperous society. We'll get to that on the other side of the break, my friends. In the meantime, sit tight.
You are listening to conservative not better talk. I am your host, Todd Huff back in just a minute. Welcome back, my friends. Just talking about one of Kamala's apparently foundational issues, one of the first things we've heard about her priorities, as should she be elected president of the United States. I want to start here. This is at the Washington Examiner dot com. By the way, this is always available
on our website. If you want to see anything that we've talked about here today totofshow dot com, just go to the stack of stuff. That, of course, for those of you who used to listen to the late great Rush Limbaugh, that, of course is a term he used to use for his well the things he was prepared to talk about on his show. We've just made hours digital and you can check it out by visiting Todhofshow
dot com and going to the Stack of Stuff. But let us start by reading what Harris is Kamala Harris is doing here as she is teasing her first, as The Washington Examiner puts it, first, hard policy position with price gouging ban, written by Emily Hallis. Here's what the article says. Vice President Kamala Harris will detail her plan to lower food prices through a price gouging ban as
she unveils her economic blueprint this week. The same day former President Donald Trump called her an incompetent socialist, Harris teased the price control proposal in a press release Wednesday evening. The Vice President is set to announce a broader economic framework regarding her plans to tackle corporate greed, lower the cost of living, and strengthen the economy during a Friday
speech in Raleigh, North Carolina. Harris's high profile economic address in a state that she hopes to flip loco comes. I should say, as she has faced criticism for running a campaign light on policy details, you don't say, I mean, Kamala has not told us anything. In fact, that's one of the things I want to get to. It won't be this hour, but I want to get to the policies that most people have no idea about, the ideas that Kamala has embraced, has supported. She is dangerous. I
have said, I stand by this. This is the most woke ticket in American presidential election history. This is a woke leftist off the charts ticket with Kamala Harris and her comrade at Tim Walls on the ticket. Here we go, continuing in this article here when I stop, here we go. Okay, if she hopes to prevail, miss Harris needs to present her ideas. The Washington Post editorial board wrote Sunday, I
don't even know if that's the case. What ideas did Biden present in twenty and twenty What ideas his ideas were? I'm not Trump? Were they not? His ideas were, don't have me go out there and campaign, keep me in my basement. When I do go campaign, have about fifty people in the audience standing in circles that of course are six feet apart so that they don't transmit COVID, which of course we have learned was a completely arbitrary distance. Even Fauci himself said it was basically just made up
on the fly. We saw people sitting in cars because you couldn't go to rallies as a normal person back in twenty twenty. You had to stay in your car and you would honk if you thought the president or the candidates at the time Joseph Robinette Bribery. If you thought he was saying something that you liked, you could honk your horn. There was some horn honking, as I've said, and I stand by this. I stand by this one.
The only reason any horns were honking in those days were because people dozed off and their heads hit the horn. I have no doubt in my mind that that's what's happening or that's what happened back then. But what do you mean that she's gonna have to say her ideas. I wish she was gonna have to tell us about her ideas and policies. And there are people that are around her telling her she's going to have to do that. But the sad truth is she's won a lot of
votes already because she's not Trump. She's won a lot of votes already because she's got a big Democrat next to her name, capital D Democrat next to her name. She's winning some votes because she's a woman. Enough said, she's winning some votes because she's black. That's all that some folks seem to care about. She's winning some votes simply because she is Indian. People look at this as a historic opportunity, this is the time for America to
have its first female president or whatever whatever. People believe. These things are not rooted in substance. The reason that this the reason I get so fired up about this again, I've been on I'm on record as saying it is good that America has gotten to a point to where individual voters are prepared to vote for people who are ethnically and racially different than people they would have voted. They wouldn't have voted for folks like this in America's history.
That is a good thing. That we have gotten to the point where people are willing to vote for people that they would not have voted for it for because of superficial identity politics in the past. That is a good thing. Those are positive steps forward. But it is also bad. It is maybe not as bad, but I mean, in one sense, I would say it is equally. It's the same thing to say I'm not going to vote for someone because they are a certain gender or race
or whatever ethnicity. It's just as bad to say that you won't do it as it is to say that's the only reason. Because the reason is is that it puts the emphastis on the wrong salable, as people would say, right, we're putting the emphasis in the wrong place. It's if you think like that and vote like that, you've actually created a scenario. And it's so ironic to me. People talk about, oh, our democracy is at stake and all
this stuff. If you want to really put our quote unquote democracy at stake or if you prefer our our Sorry Ozeneko are having a stare up here in the studio studio. I don't know what that was about. But if you want to have a scenario where our democracy or our constitutional republic is at risk, then start voting for people for reasons that have nothing to do with policy, whether that is to vote for them because they're a certain race, or to not vote for them because they're
a certain race. That takes the focus off of what really matters. What really matters is what we're talking about here, which is what Kamala says she wants to do as president of the United States. She wants to control prices, She wants to take control of this. She wants to tell companies what they can charge for things. This is a terrifying concept. It is not consistent with a free market.
It is not consistent with what prosperous nations do. It actually makes things markedly worse, much much much worse, as of course it is with anything that is touched by these leftists. So I want to talk about that a little bit more. But before I do that, my friends, you know that diet and exercise are important and taking care of your health you're responsible for you, my friends. You know this, But there are other things you can do to take care of your health as well. One
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So I don't have much time here, but I at least want to set the stage in this But in a relatively substance free election season, the few policy ideas we hear are terrible. But now Vp Harris has come up with the dumbest policy of them all, federal price controls.
Here's the story from Washington Posts. Jeff Stein. In a statement released late Wednesday night, the Harris campaign said that if elected, she would push for the first ever federal ban on food price hikes, sweeping with sweeping new powers for federal authorities. Noah Rothman has a great post about this.
It is crazy. I can't think of an issue that has little support or as little support among economists on the right, the center, and the left as price control regulations, including rent control which was pushed by Biden a few weeks ago, anti price gadging measures and similar policies. It is especially silly as a way to fight inflation. Remember, this is all in response to the inflation numbers. This
is all in response to that. This is designed to say, this is what I would do, Kamala Harris would say to drive down inflation. That's the whole premise. That's why we started with inflation here at the top of the hour. So more to say about this, but I'm out of time this segment. Quick time out, my friends. Back here in just a minute. Welcome back, my friends. Here we are our final segment of this hour, just talking about price controls. Price controls, which of course is what Kamala
Harris is she's proposing here. It's absolutely insane. Were looking here at this article at the National Review, which is available. I've linked to it on the stack of Stuff page on our on our website. The price controls do not work. Price controls, especially to drive down inflation doesn't work because again, pop quiz, who is responsible for inflation? Who is responsible
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MyPillow dot Com slash Todd promo code Todd. So did you come up with your answer on the pop quiz? Who is responsible for inflation? Is it big corporations? Is it trade union? Is it foreign countries? Or is it Pay attention here, my friends, I'm giving hints out. Is it your federal government? Ding ding ding circle gets the square if you said that it was d your federal government.
And so to target companies and to say you can only sell certain products, or you can only sell products for certain prices, you can't raise prices is a massive, massive, massive stupid thing to do. In fact, this article points out some of this. This is a Noah Smith. Well, let's see, I'm gonna go to there's a couple people that comment on this. It's hard to exaggerate. This is written by Catherine Rample the Washington Post. It's hard to
exaggerate how bad this policy is. It is an all but name, a sweeping set of government enforced price controls across every industry, not only food. Supplying demand would no longer determine prices or profit levels. Some far off Washington bureaucrats would The FTC would be able to tell, say, a Kroger in Ohio, the acceptable price it can charge for milk. At best, this would lead to shortages, black markets, and hoarding, among other distortions seen previous times countries tried
to limit price growth by FIAT. There's a reason narrower price gouging laws that exist in some US states are rarely invoked. At worst, it may accidentally raise prices. And that's the reality. I mean, just think about this. If you're a market, if you're a little store and you're
selling a and you're selling food items, folks. I remember I used to have a relationship of a friendly relationship with someone who was in who worked for a big retail convenience store and gas station chain, and she told me, she said, look, we don't even try to make money on the gasoline. What we're trying to do is get people to come into the store and buy, you know, a candy bar, or to pick up a fountain, whatever it is. You know, they buy things in the store.
It's convenient, they need it, they want it. They just fueled up, and now they're going to grab it and go out the door. She even said on some occasions they lost money. You know, in those weird times when you know, a truck would bring the new fuel supply in. Maybe the price had gone up, but it hadn't hit the you know, the pump shit, it hadn't been updated or whatever. The might be a time where they were
taking it at a loss. So you're talking about industries that have a small amount of margin, and a lot of these places don't look at percentage wise large margins. What they're looking for is traffic. What they're looking for is to make up the money they need to make by volume. And now, if you're going to say you have to sell this at X dollars, what do you think is going to happen? Especially if they have to
start selling it at a loss. I mean any number of things, right, They're going to maybe stop selling it if they stop selling it. What's going to happen to the prime the cost from the wholesale manufacturer. I mean, it's going to cause havoc on the economy. And I'm out of time. I can't get into it anymore. Gotta go, SDG.