[Congressional Record Volume 168, Number 83 (Monday, May 16, 2022)]
[House]
[Page H5006]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          THE INFLATION CRISIS

  (Mr. GROTHMAN asked and was given permission to address the House for 
1 minute.)
  Mr. GROTHMAN. Madam Speaker, we just got back from our home 
districts, and we all heard different things, but I am sure I talked to 
dozens, maybe over 100, people over the weekend. The number one topic 
of concern is inflation.
  In particular, I ran across someone whose house sold for probably 50 
percent more than I would have thought that house would sell for a 
year-and-a-half ago. I am sure it was good for the person who sold the 
house, but I feel so sorry for young people today.
  Now, why is the cost of housing up so much? The same reason the cost 
of gas is up and the same reason the cost of food is up. It is because 
we have a greatly increased money supply.
  I encourage all Americans to get on your computers, look at M2 and 
M1, measure of the monetary supply. That is not something that has 
anything whatsoever to do with the war in Ukraine. It is simply 
overspending on the part of this Congress.
  The American Rescue Plan Act, the first big spending act of the new 
administration, is one of the most fiscally irresponsible things I have 
ever seen.

  But I encourage all Americans, when you talk to your Congressman, 
tell them: ``Government is big enough. Please don't spend any more.''

                          ____________________