Lesson 3 - Inflation Explained [pt. 2]

What caused the Great Depression http://bit.ly/4CnRyo

Category:

News & Politics

Tags:

• Obama
• Inflation
• Federal
• Rerserve
• The
• Fed
• Deflation
• M2
• M1
• M3
• Money
• Supply
• Bernanke
• Economcis
• Milton
• Friedman

[alex630710]

thanks for taking the time to do these great videos

Excellent work!

[2598129]

If someone could explain why do I have to pay the interest on money that was created out of nothing?Who gets this interest?

[IsaacisaNerd]

@wishmolly lol i love that socialist idea, but sooner or later some smart ass is going to see a loophole and ruin it for everyone....

[Madpolis7]

@somor98 neo-capitalism is where a large government works with the private sector. Most politicians think that European countries like the uk and france fallow that system. It's more of a cross between socialism and capitalism.

[somor98]

Socialist countries in europe?! Where are they? I live in europe and do not recognize what you'resaying about the jobmarket in europe.

[simanek79]

The basic fact is missing and it's hot topic now, Quantitative Easing. Money created from nothing, lended to banks where they are multiplied by factor 9 to create more money from nothing.

[jumpoutatree]

While I really appreciate what you had to say about the anti-Fed conspiracy kooks, I noticed your diss of Paul Krugman and in general I'm finding these videos trending toward right-wing economic propaganda. Also, the whole idea of Milton Friedman as a 'superhero economist' seems a bit suspect. Where do Krugman and Friedman (both Nobel-winning economists) disagree, and why do you think Friedman has better ideas? Please try not to include the word 'socialist' in your answer.

[bobichina]

Oh, MY GODDNESS. Your lecture on inflation is the BEST on youtube!!!

[WideWorldOfWisdom]

@Balu1Elango No, it's not silly. You're right. That entire slide is wrong. The employer's cost do NOT go down. The only thing that is changed is paying the employee MORE. That means his costs have gone UP. And inflation does not in any way help this problem. It only exacerbates it.

For a better explanation of inflation, see this video:

/watch?v=eN7lEMXZRMM

[WideWorldOfWisdom]

The four videos that make up Lesson 3 on inflation are a decent look at the way the the subject is generally taught. It is helpful in understanding the assumptions under which the government and many economists operate.

However, the common usage of the word "inflation" to simply mean a rise in prices is incredibly misleading, and results in a whole host of problems in understanding the subject.

Please see this video:

/watch?v=eN7lEMXZRMM