Inflationary Expectations Do Not Cause Inflation
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023. Includes audience question and answer period.
Recorded at the Mises Circle in Fort Myers, Florida, 4 November 2023.
Monetary authorities and monetary economists try to define money without understanding what money really is: a medium of exchange.
Andreas Granath joins Bob to discuss his recent article explaining the different definitions of "inflation" and why it matters.
The common belief is that inflation is the general rise in consumer prices. However, rising prices are a symptom of inflation, which really is expansion of the money supply.
Alex Pollock explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.