Inflation's Inconvenient Complexities, Part 1
March 12, 2021
There's been a lot of talk of inflation lately, with predictions in the media running from one extreme to the other.
Most folks define inflation simply as "rising prices." But as John Flaherty and CEO Keith Weiner discuss in this week's episode, it's just not that simple. There are a number of intricacies to be aware of if you want to understand what's really going on.
In this episode:
- Why there's more to the story than simple rising prices
- The appropriate standard when measuring economic goods & values
- What holds up the value of the dollar & hides monetary dishonesty
- How monetary manipulation hides efficiency gains in production
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