Robert Reich's Shrinking Brain

Robert Reich is back, trying to blame "corporate greed" for inflation rather than his beloved government. Lord Killian points out that, being a former Secretary of Labor, he KNOWS he's lying!

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[markgel]

“ I added 1”s instead of 2”s but the number keeps increasing how can this be”

[FourthRoot]

Why are we still moving forward? The speedometer is clearly going down. It must be a conspiracy among the auto makers.

[MrMZaccone]

The idea that cheaper brands of cola can't continue to sell cheaper than Coke is ridiculous. They've been doing it for decades.

[KharneSunar]

"Are you stupid or are you hoping your viewers are?" The answer to that question is "yes."

[misteroughtright]

“How come you don’t know this?!” I think you know the answer already; because he’s not an economist but an ideologue

[markgel]

At this point how many quickie rules has Robert reich broken

[JohnSmith-oxgy]

We have slowed the rate of acceleration, why aren't we stopping? Must be the motor manufacturers being spiteful.

[Scream_Lord]

Math was my worst subject, but even I know how basic addition works. How did this guy make a career out of it?

[kthwkr]

Robert Reich is not alone in being an idiot. Decades ago Biden said he didn't believe in Adam Smith's invisible hand. The invisible hand is a simple concept and easy to understand that it has to be obviously true to logical thinking person. Apparently Biden is not one of those.

[masscreationbroadcasts]

3:47 What I really love about this:
"According to whom? My graphics editor". Seriously, he cotes nothing.

[josephahner]

Inflation is not down. The INFLATION RATE is. This is the rate of increase.

[AtelierGod]

In my home country there’s a seasonal drink released during Christmas times and any leftover stock during Easter time that outsells both Coke and Pepsi during these times, they are usually cheaper and being seasonal means buying them after the season usually means they are cheap as a can despite being 1.4L.

[ThePoliticalCheckmate-hmky]

I did on video on Reich making similar arguments with candy. Where he completely ignores alternative candy completely and just hand waves increase on cost production by pointing to profits. Even though looking at chart of previous years it is not extremely high and instead looks like normal growth and also forgets that candy sales have increase for them.

[kthwkr]

One reason for a few companies supplying a large portion of meat is because the government has huge USDA requir...
Never mind - I was just going to rant about the USDA but as I was typing Shane went heavy into it. Right on right on right on.

[ThePoliticalCheckmate-hmky]

I have made videos debunking Robert Reich greedflation arguments before

[redare]

I'd like to add a new term for a technique of lying with graphs. At 3:30 Rech lies by zooming into a section of the graph that shows inflation rate dropping but removes the y-axis to remove visual cues as to whether it is positive or negative. This is now a graph completely without context, why not just reverse the meaning of the y-axis while you are at it? Coking the graph?

[GGleIsACrp]

I get the feeling he's purposely ignoring leading and lagging indicators as to why prices are all over the place.

[MrMZaccone]

"Gotta pass it on to the consumer" isn't basic economics. In fact, it may not even be good economics in many cases.

[beaudavis]

If I wanted economic advice, I will be going to economists such as Thomas Sowell and others, not Robert Reich.

For the soft drink companies, he must not shop at a local Walmart, Target, Sam's Choice, and others, because Pepsi and Coca-Cola are not the other companies selling soft drinks.

[MrMZaccone]

Aside from a couple small exceptions, It's clear that Reich is missing the point here. The questions are, is it deliberate, and if so, what is the motivation?