Grant Cardone is fired up about inflation and he's not holding back. In a recent post on X (formerly Twitter), the entrepreneur laid it out in blunt terms: "Print & distribute money to stupid people who then spend it on stupid stuff they otherwise could not afford." According to him, this is exactly what's happening in the current economic climate.
Cardone's frustration is clear. He believes the government is setting people up for failure by printing more money and not teaching financial literacy. "Until our gov't educates our citizens on financial literacy & quits bailing them out, there will be slaves forever," he wrote. It's a harsh critique, but Cardone isn't known for mincing words.
He's also not shy about calling out the current administration. In a breakdown of inflation by administration, Cardone highlighted a 40.2% increase in energy costs under President Joe Biden, compared to a negative 0.7% during Donald Trump's term. To Cardone, this spike in energy prices is just one example of how the Biden-Harris policies are hurting the middle class. "You want more of this insanity?" he asked his followers in a previous post. "Harris will destroy the middle class."
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Cardone's post didn't just throw numbers out there without context. He pointed to the Biden administration's focus on transitioning to renewable energy and stricter fossil fuel regulations as key drivers behind the rising energy costs. While he's all for innovation, Cardone argues that the policies are creating unnecessary financial burdens for everyday Americans.
But not everyone agrees with Cardone's take. Some of his followers questioned the accuracy of the data he posted. One user, "Biden's Debt Monster," pointed out that the numbers need more context, especially considering Trump's term ended during the pandemic. Another follower, Grant Goode, went even further, calling Cardone's post "deceptive" and arguing that Trump's massive spending contributed to the current economic situation.
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Cardone's response? Silence on the critique but continuing his push for financial education. To him, the real issue is deeper than just numbers. It's about how people are being set up to fail financially. He's adamant that until Americans learn how to manage their money better – and stop relying on government handouts – things won't improve.
Cardone's blunt message is clear: Inflation isn't just a political issue; it's a personal one. And if people don't get smart about their money, they'll keep falling into the same traps.
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