Inflation is a Major Problem

Who is Dave Ramsey? Personal finance consultant, radio show host, author He is probably best known for his Financial Peace University, nine-lesson, video-based personal finance course. (Wikipedia)

Also Wiki tells us: "He encourages the use of cash and advises families to utilize an envelope system, putting a cash allocation for each month's food, entertainment, and other expenses in separate envelopes and then spending only what is in the envelope." (Wouldn't it be nice if our government stuck to that plan?)

Dave Ramsey has also invited Kamala Harris to his show to discuss her financial plan for our country. As of yet, she has not replied to his invite.

Why the interview? "Dave Ramsey sat down with former President Donald Trump to talk to the Republican nominee about a key issue on the minds of Ramsey’s followers: high prices and what can be done to bring them down."

"In an interview released Tuesday, Ramsey started off by noting that his show is about money, not politics, telling his audience that “what happens in your house is more important for your success than what happens in the White House.” But given the divisive nature of this election, Ramsey said, he invited the presidential candidates “to talk about ideas; talk about what’s going to happen.” (Market Watch)

Dave Ramsey has also invited Kamala Harris to his show to discuss her financial plan for our country. As of yet, she has not replied to his invite except to say they are reviewing it.

Here are the highlight topics of which they spoke from this Market Watch article:

1) Energy prices and inflation: Trump boiled down people’s inflation concerns to energy prices. His solution would be to "bring down energy prices by increasing domestic oil production."

"As he and I were talking," Ramsey added, "around 15% of the GDP is direct energy production, and then the rest of it is impacted by energy. So the loaf of bread that's gone way up on the grocery shelf had to be delivered by a truck that had more expensive gas than it used to have."

In Trump’s beginning answers to Ramsey, he argues that once energy prices come down, "other things are going to follow," like interest rates. Trump also said that he aims to have prices decrease by 50% in his first year back in office."

2) Protecting Social Security: “We have to save Social Security and keep it good and solid. I don’t want to be raising ages or anything.”

Another source, “Seniors should not pay taxes on Social Security.” This was the rallying cry of presidential candidate, Donald Trump, during a recent speech in Pennsylvania https://www.aol.com/trump-onto-something-economists-weigh-110000405.html

3) Taxes and tariffs: cut corporate taxes and increase tariffs

Another source, "The former president and current Republican nominee asserts that tariffs — basically import taxes — will create more factory jobs, shrink the federal deficit, lower food prices and allow the government to subsidize childcare.

He even says tariffs can promote world peace.

“Tariffs are the greatest thing ever invented,’’ Trump said this month in Flint, Michigan. https://apnews.com/article/tariffs-trump-taxes-imports-inflation-consumers-prices-c2eef295a078a76ce2bb7fedb0c5e58c

This is the actual interview and it was very down-to-earth and only 24 minutes long:

I know that anything "political" is very uncomfortable and if shared, can cause harmony and peace in relationships to fly out of the window.

However, we (all Americans) must be informed. Inflation is a "big deal." The economy is a major issue.

Gather all the information you can and share it and make yourself an informed voter.

If Harris decides to do an interview with Dave Ramsey, I will gladly post it.