- Aug 8, 2016
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This is a 20 minute video discussion on the topic of inflation and the Federal Reserve, our current state of economic affairs and a little bit of history. There's a popular misconception about inflation and the Federal Reserve's role in it. A lot of people are under the illusion that the Fed exists to control inflation, but the reality is that the Federal Reserve is who causes it.
Inflation, by the way, is more than just price increases. Price increases are only one consequence of inflation.
Ron's getting older now, his words are starting to kind of stutter, but he's still as sharp as a whip when it comes to explaining the woes of our Keyensian monetary policy. Many people disagree with him and call him crazy or whatever, the neocons and war hawks particularly, that's fine, to each their own, but the man predicted the housing bubble long before it ever happened.The only reason the economic crash hasn't happened yet is because the Fed keeps patching that bubble, but it's getting too big they can't keep from stopping the inevitable, th y can't keep distorting the market the way they have been for so long, and we're already seeing the Fed raise interest rates. The market will be the ultimate decider in the long run, not the FR and not the government.
For anyone who wants to really understand inflation defined properly, what it is, where it really comes from, and how it really affects you and I, it's a good discussion.
The Fed's impact on housing market inflation is also discussed here, as well as other products and markets, tariffs, etc.
Inflation, by the way, is more than just price increases. Price increases are only one consequence of inflation.
Ron's getting older now, his words are starting to kind of stutter, but he's still as sharp as a whip when it comes to explaining the woes of our Keyensian monetary policy. Many people disagree with him and call him crazy or whatever, the neocons and war hawks particularly, that's fine, to each their own, but the man predicted the housing bubble long before it ever happened.The only reason the economic crash hasn't happened yet is because the Fed keeps patching that bubble, but it's getting too big they can't keep from stopping the inevitable, th y can't keep distorting the market the way they have been for so long, and we're already seeing the Fed raise interest rates. The market will be the ultimate decider in the long run, not the FR and not the government.
For anyone who wants to really understand inflation defined properly, what it is, where it really comes from, and how it really affects you and I, it's a good discussion.
The Fed's impact on housing market inflation is also discussed here, as well as other products and markets, tariffs, etc.
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