Channel: Learn Liberty

Category: Education

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Description: Inflation is the word of the day; rates in the United States have hit 40-year highs, and seemingly everyone is feeling the pain - from the gas pump to the grocery store. But with growing media attention also comes bad or misleading information. To set the record straight, we brought in the heavy muscle: Learn Liberty's old friend Antony Davies, Associate Professor of Economics at Duquesne University, and co-host of the podcast Words and Numbers. We teed him up with 10 myths - before factoring for inflation ;) - and then just … let him go. His answers, full of hard data and clear logic, didn't disappoint. Some of the myths he debunked: -"The price of this thing I buy went up. That's inflation." -"Inflation is caused by corporate greed." -"The President is responsible for inflation." -"Everything at the supermarket is getting smaller. That's not factored in." -"The Fed had to do SOMETHING to combat Covid." -"The government can fight inflation by raising taxes." For more content with Professor Davies, see our videos on Modern Monetary Theory (youtube.com/watch?v=ICMN07PGtSk) and government debt (youtube.com/watch?v=EPjrFjAxwlw). #inflation #myths #Fed #moneyprinting #goldstandard TimeCodes 0:00 - Intro 0:35 - Myth 1 1:24 - Myth 2 2:25 - Myth 3 3:49 - Myth 3.5 5:11 - Myth 3.5.5 6:12 - Myth 4 6:51 - Myth 5 10:31 - Myth 6 12:00 - Myth 7 14:01 - Myth 7.5 15:22 - Myth 8 16:44 - Myth 9 17:33 - Myth 10 21:19 - Myth 0 22:19 - Myth 11 23:12 - Myth 12 25:43 - Bonus Myth LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org.