Why Printing Money Won't Solve Our Economic Problems
Inflation is the word of the day; rates in the United States have hit 40-year highs, and seemingly everyone is feeling the pain - from the gas pump to the grocery store.
️🔥 Watch Prof. Davies' Latest Video: 7 MYTHS ABOUT THE GREAT DEPRESSION - • Prof. Antony Davies: 7 MYTHS You Lear... ️🔥
🎙️ Professor Davies also co-hosts a PODCAST! Find him and James R. Harrigan in the Words & Numbers podcast: https://wordsandnumbers.libsyn.com/ 🎙️
But with growing media attention also comes bad or misleading information.
To set the record straight, we brought in the heavy muscle: Learn Liberty's old friend Antony Davies, Associate Professor of Economics at Duquesne University, and co-host of the podcast Words and Numbers.
We teed him up with 10 myths - before factoring for inflation ;) - and then just … let him go. His answers, full of hard data and clear logic, didn't disappoint.
Some of the myths he debunked:
-"The price of this thing I buy went up. That's inflation."
-"Inflation is caused by corporate greed."
-"The President is responsible for inflation."
-"Everything at the supermarket is getting smaller. That's not factored in."
-"The Fed had to do SOMETHING to combat Covid."
-"The government can fight inflation by raising taxes."
For more content with Professor Davies, see our videos on Modern Monetary Theory ( • Prof. Antony Davies: Modern Monetary ... ) and government debt ( • Prof. Antony Davies: 10 Myths About G... ).
#inflation #myths #Fed #moneyprinting #goldstandard
TimeCodes
0:00 - Intro
0:35 - Myth 1
1:24 - Myth 2
2:25 - Myth 3
3:49 - Myth 3.5
5:11 - Myth 3.5.5
6:12 - Myth 4
6:51 - Myth 5
10:31 - Myth 6
12:00 - Myth 7
14:01 - Myth 7.5
15:22 - Myth 8
16:44 - Myth 9
17:33 - Myth 10
21:19 - Myth 0
22:19 - Myth 11
23:12 - Myth 12
25:43 - Bonus Myth
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