Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson

Chapter 10 (Inflation - Part 1 of 2): Dr. Martenson establishes inflation as a monetary phenomenon, defined as the decrease of the value of money, caused by too much money around in relation to goods and services. From 1665 to 1776, 111 years, there was absolutely no inflation. From 1665 to 1905, 240 years, the cost of living stayed roughly the same, aside from brief jumps during wars. Unfortunately for us, there was no settling in terms of inflation after World War I or World War II. The military apparatus was not dismantled, and inflation has accelerated to astonishingly high levels.

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[carlfinkle]

Go off the Gold standard and a generation later you will be on the soap standard.

[jam31688]

these videos are awesome! i have been asking my professors for visual explanations, with real examples to help explain, and they all sucked. But these videos are great. Thanks for explaining to the people who are economically savy

[Lockheim]

Your videos are really educational, I for one am watching them out of pure interest, like watching a movie.

[TWSceptic]

@Kirobos Actually the word 'inflation' means 'increase in volume' so it refers to the inflation of the money supple, and has nothing to do with the supply in goods.

For the latter you'd have to look at the law of supply & demand.

[uporovfinterqva]

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Crash Course: Chapter 10 - Inflation (1 of 2) by Chris Martenson

[stocktradinginvestor]

if you want to store value, own a basket of all assets you intend to use that money to buy. If you want a hedge against government mismanagement of the money supply, buy gold. Money is not a store of value, neither is gold. Gold has many periods of times where it lost significant amount of value as well. Fixing the price of gold and the dollar is not a free economy. The current system allows you the free market hedge against the governments misuse of money. On gold standard they spend your gold.

[bullsnutsoz]

Kissinger and his lot have known this for years; war is a fine mechanismn for enslaving us; stealing our dough and then buying tangibles with it so that the illuminists can own our world totally.

Just taht this time we are onto them, bigtime.

Incidentally have you noticed that they are rudderless; no one wants to be the one to be upfront in the battle, yes they are gutless and have no military support

[TacticusPrime]

So you can redefine inflation to restrict it to rising prices that arise from the expansion of the monetary supply. In that case, it has very little useful meaning. Prices rise or fall with or without a monetary system, as I demonstrated. Additionally, the supply of money can rise or fall with or without a corresponding shift in prices. Just look at the massive QE of last few years and the negligible price inflation.

[jdaigle409]

@TacticusPrime Inflation (Definition) - 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). Only the price of oranges rose which is a specific rise in prices. By definition inflation is a monetary issue indicated by a general rise in prices.

[TacticusPrime]

Example of inflation without money: You have 20 apples. Your friend has 20 oranges. You agree to exchange 10 for 10. Suddenly, 10 of his oranges burst. Now his oranges, in short supply, are worth more. You must now exchange 10 apples for only 5 oranges. The price of 1 orange has increased. Inflation.

[TacticusPrime]

The term "inflation" refers to the rise in prices. Inflation can be caused the decrease in the supply of goods or the increase in the supply of money.

Seriously, take an economics course not taught by some Chicago hack.