Biden said spending billions on government projects will help America to "build back better." Politicians have been promising this for decades. But Peter said it's the wrong approach. We should get government out of the way and let the free market work.

At 2,700 pages, it's not altogether clear where all of this money will be going. But Peter said a more important question is where is all of that money coming from.

That's the problem; it's being created out of thin air. The Federal Reserve is printing all the money that we're going to be spending on infrastructure. And that is inflation. The inflation comes from the Fed inflating the money supply. And so all the money that we're going to print in order to spend it on infrastructure is going to drive up the price of everything we buy."