If there is no inflation why has the price of fundamentals increased so much such as food and energy costs? These costs are not included in the CPI figures.
creating fake money stills value from the real money...that means stealing value from the foreign bond holders....China!...are we just shiting on china's face? yes...will that bother the gooks?...apparently not...if something is too good to be true...than it is!
call me crazy, but Americans don't act like Weimar Germans at all. They are actually quite sheepish en-masse, and the prices will stay relatively the same b/c they believe it en-masse to be. Yes there would be no way to stop it, but there is virtual assurity that the vast majority would rather get up tomorrow and go to their normal jobs as normal on a normal day that confront the basic fallacy (but working fallacy) that is the foundation of modern economics
*cough *cough bullshit he put his hope in the fiat money system.. that's disappointing. I care more about people working in a real economy then people continuing in a fake one only to be threatened by the central bank in the future.. duh..
I love how right when he's talking about core inflation being "too low" he slips in that "Core inflation excludes food & energy costs" ... Basic expenses for Americans don't "exclude" food & energy but are mostly made of these two things... even the cost of other things we buy are impacted by higher energy and food costs... How many things does your family buy that don't take energy produce. I'm only a freshman in my study of Finance, but I feel confident enough to ensure you this is complete BS
If the economy is so "weak" that printing money doesn't cause inflation than that means if quantitative easing didn't occur deflation would occur, thus the opportunity cost of quantitative easing is the fact that the prices (allegedly) remain constant as opposed to falling which would otherwise occur. Either way you put it there is no free lunch and inflation will inherently occur even if it is masked by the fact that it is counterbalancing the deflation which would otherwise occur w/o Q.E.
What exactly are you smoking if you think prices are the same? Whatever it is, prices probably are going up for that too. Why do they keep having to change the CPI formula? Could that be because they're running out of things where prices aren't higher? I'm sure it doesn't matter to cepr that the QE policy has been proven not to help once again.
I guess this clown doesn't buy gas or groceries. New record for SNAP Food Stamps usage, I guess foods too cheap. This is just a Media Matters Flying Monkey trying to exculpate Zero and his deliberate destruction of the economy. Or is everybody better off than four years ago?
One reason for low inflation is that the federal government is sucking a lot of cash out of the hands of people due to massive debt financing. With the Fed buying the debt then perhaps that will leave more cash in the hands of people to spend. Maybe the fed should buy all of the debt and then forgive the treasury and wipe the slate clean.
Gold @ $1500 an ounce, silver @ $45 an ounce, wheat up 40% over a year ago, gas @ around $4 a gallon. Naw, there's no inflation. And what do we spend most of our money on? Food and fuel. Look @ Greece, looks like unrestrained gov't spending worked out well for them!! We'll see you leftists in the streets... you got the numbers, but eh, we got the guns. And if you want those you're gonna have to come and take 'em!!!
When your money is worth less, it seems like prices are rising.
The federal reserve bank is up to it's old tricks again. They can only pull this skulduggery about once per generation; look at the history of the federal reserve bank and America. It's a history of unconstitutional counterfeiting.
Bottom line is..... Inflation will only hurt the people with money. Most people are living paycheck to paycheck. Yes, goods and services will rise with inflation, so does compensation. The people with money will see their money devalued though, but I don't think that the majority of people in the US really care about that as much as finding jobs and having the ability to pay their bills.
gold up 55%, silver up 135% in two years, many food staples up by even more..... and regardless of any perceived "instability" of food and fuel prices, they are very good indicators of inflation since their prices have very little upwards stickyness, esp when compared to other goods and services..... hyperinflation is often marked by rapid increases in the % of income spent on food, and we are already seeing increases there (even if their rapidness is debatable)....
This video was either created by a Zionist or a Zionist. It's funny that they created this video in nine days as a response to the original that put Bernanke in his Zionist place. This goes to show you how much influence and money they have. GO watch the other video with 4 million hits to see the truth.
you know i love to here these things explained. Especially when they use facts and figures but forget to explain the overarching issue in lol "quantitatve easing".
What inflation is is making money worth less. It gives the greatest buying power to the largest chunks of money, i.e.megacorps and governments by allowing them to combat inflation by keeping the prices they pay for goods and labor to remain behind the curve for inflation. This is how the "rich get richer"
@cepr What will jump start the economy is monetary policy by the Federal Reserve. Quantitative easing isn't going into the economy to where it will get things going. The Fed is constricting the money supply for the average citizen. So long as most of the people have a hard time getting loans but the Investment class have an easy time of it then it won't start up the nation's economy only Wall Streets economy will get the benefits.
Quantitative Easing / QE2/ , noun: the practice of increasing the supply of money in order to stimulate economic activity.
2.. Inflation - noun Economics. A persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation)
3.. Bamboozle-- verb-- to deceive or get the better of someone by trickery,flattery,or the like 2. To perplex;mystify
@BobbyW3363 The way we measure inflation is via the average price of goods (Consumer Price Index, and others), and NOT the average increase in the supply of money. You're right, there is a "direct causal relationship" between the supply of money and price level. However, the increase in money supply does not immediately result in an increase in price level. It takes time, first for the "new" money to be redistributed into the hands of consumers, and second for the prices of g/s to adjust.
@thespian547 Printing money is not inflation. Printing money usually leads to inflation but this does not occur immediately. Inflation is rising prices. If there is more money in the economy but prices are the same, no inflation has occurred.
@joelcornett Actually,'inflation originally referred to an increase in the money supply. The now mainstream usage of the term obfuscates the direct causal relationship between monetary inflation (printing money) and price inflation. Also, if more money is created in order to keep prices the same, but the prices would have fallen in the absence of the newly created money, then I would argue that you definitely have price inflation. The Fed would disagree, but they're wrong about everything.
Most money isn't even "printed" per se. In any case, when the money supply is increased, the "value" of all money goes down, that's what leads to inflation, and it really is immediately imposed on the population as a whole, because the same people running the corporations that produce every necessity and luxury we enjoy are the ones controlling the money supply, inflation and deflation don't apply in an economy so strictly controlled as ours, normal "economic" rules are ignored.
when money is worth LESS due to inflation, prices RISE to make up the difference. The VALUE of items in a store does not change but if the VALUE of the dollar DECREASES prices will RISE to make up for it. Therefore, it is a fallacy to assume that prices would stay the same. Inflation will occur because printing money IS inflation
when money is worth LESS due to inflation, prices RISE to make up the difference. The VALUE of items in a store does not change but if the VALUE of the dollar DECREASES prices will RISE to make up for it. Therefore, it is a fallacy to assume that prices would stay the same. Inflation will occur because printing money IS inflation.
The excess capacity your referring to was buying millions of houses and megatons of imported chinese goods. That is not exess capacity, that that is a one time only gorging on trillions of cheap credit money provided by fed and f&f. That is not excess capacity. That will NEVER come back.
Think about reality, not government propaganda you were brainwashed with in government school.
A few valid points mixed with Keynesian phantasies. Monetary policies are so bad these days that it looks to me like a planned takedown of the economy.
This vid show how the rich who are the only ones who invest and profit from market rise.Us regular joes have too pay more for energy and food will suffer .This whole scheme is in place to make our labor market as bad as a third world economy like south america!The Illegals will get amnesty and then less jobs will devalue our dollar even more ! Anyone who has market based assets will keep the wealth .By this time americans will work for spit and not demand SSI workers comp Pensions 401k
Another very dangerous fallacy in this propaganda clip: inflation due to massive money printing comes about gradually and in a perfectly controllable manner. Study history: in Weimar Germany inflation remained tame for quite a while after money printing began until people woke up to what was going on. Inflation then took off like a rocket and never looked back. Once people's confidence in a currency as a store of value is violated, currency revulsion occurs EN MASSE with no way to stop it.
This is not the Weimar Republic circa 1923, and the industrial revolution is not post-history. The U.S., still has the largest global GDP and the largest growth capacity, a factor that many hyper-inflation fearing people tend to forget - and currently (at least for now) we still have the highest educated workforce, which still have the highest capacity for innovation. You can forget about evacuating the USD "en masse." It just won't happen, especially given the EUR weakness.
@aurum2007 The current situation is NOT Weimar Germany. Yes, printing too much money can lead to hyperinflation, but not under ALL circumstances. Not in a liquidity trap. People like you have been claiming that hyperinflation would appear suddenly when the Fed started printing money and economists like Paul Krugman have been saying all along it wouldn't under the current circumstances, and he's been right, and still is. Now, you're story is it will come gradually, please, give it up.
Oh goody, the Fed is now working overtime to generate more propaganda. Can't people see through the impotent argument the "excess capacity" somehow protects us from inflation? Hello? Why doesn't that brilliant thoery explain countries like Zimbabwe that have HYPERinflation even with massive slack in their labor market and egregious UNDERrutilization of economic resources? DOH!!! Inflation is caused by an expansion of the money supply relative to an economy's stock of goods. Period. Full stop.
@aurum2007 I doubt this is propaganda generated by the Fed. If you look at whose channel this is posted on (CEPR), you'll see that it's coming from progressive economists who have been among the most vocally critical of the Fed over the last couple years.
If there is no inflation why has the price of fundamentals increased so much such as food and energy costs? These costs are not included in the CPI figures.
Avidcomp 2 months ago
creating fake money stills value from the real money...that means stealing value from the foreign bond holders....China!...are we just shiting on china's face? yes...will that bother the gooks?...apparently not...if something is too good to be true...than it is!
boghdan2000 4 months ago
call me crazy, but Americans don't act like Weimar Germans at all. They are actually quite sheepish en-masse, and the prices will stay relatively the same b/c they believe it en-masse to be. Yes there would be no way to stop it, but there is virtual assurity that the vast majority would rather get up tomorrow and go to their normal jobs as normal on a normal day that confront the basic fallacy (but working fallacy) that is the foundation of modern economics
mxboo42 5 months ago
*cough *cough bullshit he put his hope in the fiat money system.. that's disappointing. I care more about people working in a real economy then people continuing in a fake one only to be threatened by the central bank in the future.. duh..
Manofheart777 5 months ago
correction: "...is now post-history."
TigerGrumman 6 months ago
I love how right when he's talking about core inflation being "too low" he slips in that "Core inflation excludes food & energy costs" ... Basic expenses for Americans don't "exclude" food & energy but are mostly made of these two things... even the cost of other things we buy are impacted by higher energy and food costs... How many things does your family buy that don't take energy produce. I'm only a freshman in my study of Finance, but I feel confident enough to ensure you this is complete BS
trevorschumann 6 months ago
If the economy is so "weak" that printing money doesn't cause inflation than that means if quantitative easing didn't occur deflation would occur, thus the opportunity cost of quantitative easing is the fact that the prices (allegedly) remain constant as opposed to falling which would otherwise occur. Either way you put it there is no free lunch and inflation will inherently occur even if it is masked by the fact that it is counterbalancing the deflation which would otherwise occur w/o Q.E.
trevorschumann 6 months ago
What exactly are you smoking if you think prices are the same? Whatever it is, prices probably are going up for that too. Why do they keep having to change the CPI formula? Could that be because they're running out of things where prices aren't higher? I'm sure it doesn't matter to cepr that the QE policy has been proven not to help once again.
theknightswhosay 6 months ago
RON PAUL 2012
END THE FEDERAL RESERVE
PUT THE BANKSTERS IN JAIL
eamonearly 6 months ago
I guess this clown doesn't buy gas or groceries. New record for SNAP Food Stamps usage, I guess foods too cheap. This is just a Media Matters Flying Monkey trying to exculpate Zero and his deliberate destruction of the economy. Or is everybody better off than four years ago?
emmy1cat 6 months ago
Comment removed
emmy1cat 6 months ago
lies and bullshit - should view the original.
1hals 7 months ago
One reason for low inflation is that the federal government is sucking a lot of cash out of the hands of people due to massive debt financing. With the Fed buying the debt then perhaps that will leave more cash in the hands of people to spend. Maybe the fed should buy all of the debt and then forgive the treasury and wipe the slate clean.
warehambr 8 months ago
Gold @ $1500 an ounce, silver @ $45 an ounce, wheat up 40% over a year ago, gas @ around $4 a gallon. Naw, there's no inflation. And what do we spend most of our money on? Food and fuel. Look @ Greece, looks like unrestrained gov't spending worked out well for them!! We'll see you leftists in the streets... you got the numbers, but eh, we got the guns. And if you want those you're gonna have to come and take 'em!!!
recalcitrantdefiance 8 months ago
joelcornett,
When your money is worth less, it seems like prices are rising.
The federal reserve bank is up to it's old tricks again. They can only pull this skulduggery about once per generation; look at the history of the federal reserve bank and America. It's a history of unconstitutional counterfeiting.
Mogtepyigsoloth 8 months ago
here' the catch. the falacy is that "ONLY ANOTHER STIMULUS CAN SAVE US."
There are plenty of other ideas out there.
how about this one, STOP PRINTING MONEY, and Bailing out BANKS who lose the power struggle.
tranceemerson 9 months ago
you goons that believe this junk are outnumbered 2:1.
tranceemerson 9 months ago
Bottom line is..... Inflation will only hurt the people with money. Most people are living paycheck to paycheck. Yes, goods and services will rise with inflation, so does compensation. The people with money will see their money devalued though, but I don't think that the majority of people in the US really care about that as much as finding jobs and having the ability to pay their bills.
TheLarrydogg 11 months ago
gold up 55%, silver up 135% in two years, many food staples up by even more..... and regardless of any perceived "instability" of food and fuel prices, they are very good indicators of inflation since their prices have very little upwards stickyness, esp when compared to other goods and services..... hyperinflation is often marked by rapid increases in the % of income spent on food, and we are already seeing increases there (even if their rapidness is debatable)....
IsaacKarjala 1 year ago
Economics is not a science.
Khaddar 1 year ago
Lol that would be funny if Ben Bernank made this.
mcbain434444 1 year ago
If american's don't pay then interest then who does?
mcbain434444 1 year ago
This video was either created by a Zionist or a Zionist. It's funny that they created this video in nine days as a response to the original that put Bernanke in his Zionist place. This goes to show you how much influence and money they have. GO watch the other video with 4 million hits to see the truth.
norfids 1 year ago
...and how does the fed pay interest back to the treasury? Does it create more money? Or are all those maiden lanes paying off so well?
dmera420 1 year ago
you know i love to here these things explained. Especially when they use facts and figures but forget to explain the overarching issue in lol "quantitatve easing".
What inflation is is making money worth less. It gives the greatest buying power to the largest chunks of money, i.e.megacorps and governments by allowing them to combat inflation by keeping the prices they pay for goods and labor to remain behind the curve for inflation. This is how the "rich get richer"
acridwolf 1 year ago
This is garbage. Ignore.
mrluxuryyacht 1 year ago
@mrluxuryyacht Hopefully you saw the original with 4 million hits. Clearly the Ben Bernank puppets made this in response to the other one.
norfids 1 year ago
smells like someone's trying to steer the sheeple back onto the pasture.
ElectricGravity 1 year ago
@cepr What will jump start the economy is monetary policy by the Federal Reserve. Quantitative easing isn't going into the economy to where it will get things going. The Fed is constricting the money supply for the average citizen. So long as most of the people have a hard time getting loans but the Investment class have an easy time of it then it won't start up the nation's economy only Wall Streets economy will get the benefits.
InquiringMind63 1 year ago
Who made this absolute nonsense -- the Ben Bernank?
swift4grizz 1 year ago
The funniest lie on this video is 2:42, "There is no such thing as a free lunch!" ... "Yes, but it works."
Snootwaller 1 year ago
@Snootwaller dead on! I spit up my coffee at that point too!
cward2 1 year ago
Quantitative Easing / QE2/ , noun: the practice of increasing the supply of money in order to stimulate economic activity.
2.. Inflation - noun Economics. A persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation)
3.. Bamboozle-- verb-- to deceive or get the better of someone by trickery,flattery,or the like 2. To perplex;mystify
TheSolidarity1776 1 year ago
@BobbyW3363 The way we measure inflation is via the average price of goods (Consumer Price Index, and others), and NOT the average increase in the supply of money. You're right, there is a "direct causal relationship" between the supply of money and price level. However, the increase in money supply does not immediately result in an increase in price level. It takes time, first for the "new" money to be redistributed into the hands of consumers, and second for the prices of g/s to adjust.
joelcornett 1 year ago
not true
manu707070 1 year ago
The "why no jobs" is on point but this vid is Krugman crap...convoluted logic, since when was money influx a benefit! IT'S INFLATION!!
suavebone 1 year ago
@thespian547 Printing money is not inflation. Printing money usually leads to inflation but this does not occur immediately. Inflation is rising prices. If there is more money in the economy but prices are the same, no inflation has occurred.
joelcornett 1 year ago 7
@joelcornett Actually,'inflation originally referred to an increase in the money supply. The now mainstream usage of the term obfuscates the direct causal relationship between monetary inflation (printing money) and price inflation. Also, if more money is created in order to keep prices the same, but the prices would have fallen in the absence of the newly created money, then I would argue that you definitely have price inflation. The Fed would disagree, but they're wrong about everything.
BobbyW3363 1 year ago
@joelcornett
Most money isn't even "printed" per se. In any case, when the money supply is increased, the "value" of all money goes down, that's what leads to inflation, and it really is immediately imposed on the population as a whole, because the same people running the corporations that produce every necessity and luxury we enjoy are the ones controlling the money supply, inflation and deflation don't apply in an economy so strictly controlled as ours, normal "economic" rules are ignored.
fertilizerspike 1 year ago
@joelcornett
when money is worth LESS due to inflation, prices RISE to make up the difference. The VALUE of items in a store does not change but if the VALUE of the dollar DECREASES prices will RISE to make up for it. Therefore, it is a fallacy to assume that prices would stay the same. Inflation will occur because printing money IS inflation
KiraSachi 1 year ago
@joelcornett
when money is worth LESS due to inflation, prices RISE to make up the difference. The VALUE of items in a store does not change but if the VALUE of the dollar DECREASES prices will RISE to make up for it. Therefore, it is a fallacy to assume that prices would stay the same. Inflation will occur because printing money IS inflation.
This video is total BS
KiraSachi 1 year ago
@joelcornett inflation is the devaluation of the currency seen as rising prices
giggitygiggity890 6 months ago
@joelcornett Actually the original and correct definition of inflation is the increase of the money supply, and a consequence is the rise in prices.
polarbearanne 1 month ago
Ben Bernang?
successfulbuild 1 year ago
Awesome.
successfulbuild 1 year ago
The excess capacity your referring to was buying millions of houses and megatons of imported chinese goods. That is not exess capacity, that that is a one time only gorging on trillions of cheap credit money provided by fed and f&f. That is not excess capacity. That will NEVER come back.
Think about reality, not government propaganda you were brainwashed with in government school.
michaelpshipley1 1 year ago
fail
PetrusAvis 1 year ago
"Doesn't printing money always cause inflation?" Printing money IS inflation!
thespian547 1 year ago
A few valid points mixed with Keynesian phantasies. Monetary policies are so bad these days that it looks to me like a planned takedown of the economy.
blepat 1 year ago
This vid show how the rich who are the only ones who invest and profit from market rise.Us regular joes have too pay more for energy and food will suffer .This whole scheme is in place to make our labor market as bad as a third world economy like south america!The Illegals will get amnesty and then less jobs will devalue our dollar even more ! Anyone who has market based assets will keep the wealth .By this time americans will work for spit and not demand SSI workers comp Pensions 401k
fixmyhvac 1 year ago
That means our whole economy is debt base.
ipponsuki 1 year ago
This was a nice try, but it's too technical and a little boring. Please do this again, but with more ZING!
mrkinnc 1 year ago
Finally a sane video that really explains whats going on.
SandipDev 1 year ago
Very well done. I really enjoyed your first effort and appreciate your fixes in this one.
UnitedStatesTube 1 year ago
If you believe this "junk", I have some swamp land in Florida for sale through Fannie Mae
davidzdavid 1 year ago
For the kids...or the idiot adults who think like children. Ha
CSRealist 1 year ago
Another very dangerous fallacy in this propaganda clip: inflation due to massive money printing comes about gradually and in a perfectly controllable manner. Study history: in Weimar Germany inflation remained tame for quite a while after money printing began until people woke up to what was going on. Inflation then took off like a rocket and never looked back. Once people's confidence in a currency as a store of value is violated, currency revulsion occurs EN MASSE with no way to stop it.
aurum2007 1 year ago 14
@aurum2007
5 months later, no inflation. Ready to retract yet?
TheVideoRepo 10 months ago
@TheVideoRepo Inflation increased and 5 months is nothing...
WarmongerWW3 9 months ago
@aurum2007:
This is not the Weimar Republic circa 1923, and the industrial revolution is not post-history. The U.S., still has the largest global GDP and the largest growth capacity, a factor that many hyper-inflation fearing people tend to forget - and currently (at least for now) we still have the highest educated workforce, which still have the highest capacity for innovation. You can forget about evacuating the USD "en masse." It just won't happen, especially given the EUR weakness.
TigerGrumman 6 months ago
@aurum2007 The current situation is NOT Weimar Germany. Yes, printing too much money can lead to hyperinflation, but not under ALL circumstances. Not in a liquidity trap. People like you have been claiming that hyperinflation would appear suddenly when the Fed started printing money and economists like Paul Krugman have been saying all along it wouldn't under the current circumstances, and he's been right, and still is. Now, you're story is it will come gradually, please, give it up.
wdednam 2 months ago
Oh goody, the Fed is now working overtime to generate more propaganda. Can't people see through the impotent argument the "excess capacity" somehow protects us from inflation? Hello? Why doesn't that brilliant thoery explain countries like Zimbabwe that have HYPERinflation even with massive slack in their labor market and egregious UNDERrutilization of economic resources? DOH!!! Inflation is caused by an expansion of the money supply relative to an economy's stock of goods. Period. Full stop.
aurum2007 1 year ago
@aurum2007 I doubt this is propaganda generated by the Fed. If you look at whose channel this is posted on (CEPR), you'll see that it's coming from progressive economists who have been among the most vocally critical of the Fed over the last couple years.
yrrmom 1 year ago
@aurum2007 Your explanation of what causes inflation is perfectly right. But your Zimbabwe argument is totally wrong. Give it another thought
SandipDev 1 year ago
@aurum2007 No, it's also a function of the velocity of money.
hymnofashes 1 year ago
@hymnofashes
In order to have velocity , it destination must have value . no End point no velocity.
ipponsuki 1 year ago