@Pachangs increasing the money supply causes inflation it is not inflation. inflation is a loss of purchase power in the money. and putting more money in the economy almost always causes a loss of purchase power.
When I see women like this (or men or that matter) not a gender thing... I think about those old Victorian-era paintings of fat cats wearing powdered wigs and fancy (for the day) clothes, looking very content.
Swonk continues to get a lot of air time on NPR's Marketplace. She needs to be blacklisted for her horrible calls and shilling for the Fed.
thrashertm 7 months ago
@Pachangs not sure. all I know is inflation = a loss of purchasing power in a currency per every economics class I've taken.
from Wikipedia: ...inflation is also an erosion in the purchasing power of money – a loss of real value in the internal medium...
Pete would agree I think he's just cutting out the middle effect because in his work it's a given that more money = less purchasing power = inflation
So I say Pete's right and I don't really contradict him in what I say. it is cause/effect
uturniaphobic 1 year ago
@uturniaphobic
Dude. Did you actually watch this video?
Peter schiff contradicts you within the first minute.
Pachangs 1 year ago
@Pachangs increasing the money supply causes inflation it is not inflation. inflation is a loss of purchase power in the money. and putting more money in the economy almost always causes a loss of purchase power.
uturniaphobic 1 year ago
@uturniaphobic
Fail.
You've just watched a dude explain to you that inflation by definition refers to a expansion of the money supply NOT increased prices.
Pachangs 1 year ago
She's right. have you been in detroit lately? Sure it was GREAT in 06,not so much now.
dellwon 2 years ago
When I see women like this (or men or that matter) not a gender thing... I think about those old Victorian-era paintings of fat cats wearing powdered wigs and fancy (for the day) clothes, looking very content.
These people never go gray, never lose hair.
It's fatcat 2.0 with ALL the upgrades
They can't dye fast enough imo
uturniaphobic 2 years ago
This woman is an idiot. Government/Private banking shill.
Punchkicker88 2 years ago
inflation and growth are directly proportional
no growth = little no inflation regardless of money supply....well to an extent
Right now the US has no growth but if/when it does.... kaPOW $100 potato chips
thanks for the vid!
uturniaphobic 2 years ago
So true. Just starting she said inflation (increase of the money suply) theoretically influences rise of prices, but in practice it doesnt.
Just listening that you know that she is trying to bullshit.
hugolp 3 years ago