Are You Smarter Than A Libertarian
Inflation is not some mysterious force floating through the economy. It is what happens when the money supply gets inflated, purchasing power gets destroyed, and regular people are left paying higher prices while insiders get the new money first. In this episode of Are You Smarter Than A Libertarian, Jeff explains why CPI only shows the bruise, while M2 money supply growth shows the punch. The Fed wants you focused on trimmed inflation numbers. The real question is much simpler: who created the money, who got it first, and who paid for it later? Follow the show on Spotify, Apple Podcasts, and iHeart Radio. Share this episode with someone who still thinks inflation is caused by grocery stores being too greedy. #smarterthanalibertarian #inflation #federalreserve #moneyprinting #economics #libertarian #podcast The Mises Wire article by Connor O’Keeffe argues that inflation originally referred to expansion of the money supply, while modern discourse usually treats inflation as rising prices, and it criticizes Kevin Warsh’s interest in core or trimmed inflation measures. The St. Louis Fed confirms that M2 grew at record rates during the COVID period and later declined at record rates beginning in late 2022. The Federal Reserve’s H.6 release defines M2 as M1 plus small-denomination time deposits and retail money market funds, with relevant exclusions for IRA and Keogh balances. The St. Louis Fed’s 2023 annual report notes that annual PCE inflation peaked in June 2022 at 7.1 percent before declining through 2023. Luca Benati’s ECB Working Paper No. 1027, “Long Run Evidence on Money Growth and Inflation,” is the long-run cross-country study referenced in your report.
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