Maher: SVB Collapse, Inflation Are ‘the Result’ of Government Spending
‘You cannot put $6 trillion that you don’t have in people’s pockets and not expect some inflation’
On Friday's broadcast of HBO's "Real Time," host Bill Maher stated that the collapse of Silicon Valley Bank (SVB) is "connected" to and "the result of" the massive deficit spending during the coronavirus pandemic because the fact that "uncle sugar was very generous during COVID," is "a lot of what caused the inflation." Because "You cannot put $6 trillion that you don't have in people's pockets and not expect some inflation." And this inflation caused the Federal Reserve to hike interest rates, which subsequently led to SVB's downfall.