Channel: Foundation for Economic Education

Category: Education

Tags: inflation explained economicsis inflation badis inflation good or badreacherbiden inflationfoundation for economic educationus inflation memereacher amazon primeamazon primeus inflation rateinflation explanationus inflationinflationus inflation out of controlfee out of framereacher amazon reviewcounterfeitingwhat causes inflation in economicsout of framewhat causes inflationjack reacherinflation explainedreacher counterfeit

Description: After two years of “flattening the curve”, America’s pandemic response has resulted in the flattening of wallets. An unprecedented amount of money printing has sent prices skyrocketing, and Americans trying to get their lives “back to normal” are experiencing anything but. Surprisingly, Amazon’s new “Reacher” series can teach us a lot about our inflationary woes. At the end of the day, the counterfeiting criminals in Reacher are nearly indistinguishable from the Federal Reserve pumping our financial system full of fiat fakery. In both situations, everyone’s money has less value because more dollars are chasing the same amount of goods and services. Let’s break it down further on this feature episode of Out of Frame. ______________________________ FOLLOW/SUPPORT US: Support Out of Frame on Patreon or SubscribeStar: patreon.com/OutofFrameShow subscribestar.com/outofframeshow Join our Discord: discord.gg/RKc4AcGQ9k Watch our newest video, "The 1970s are back. Yaaaayyyy.": youtu.be/pYnpnB0dj5s Check out our latest short, “Batman Made More Money Than You Think”: youtu.be/usXHWSrxJUk Sign up for our mailing list and never miss an episode again: fee.org/oof-newsletter Check out our podcast, Out of Frame: Behind the Scenes: youtube.com/channel/UCiS5rEmhnLwo1IG9bgr19Og Follow us EVERYWHERE! linktr.ee/outofframefee ______________________________ CREDITS: Written by Jen Maffessanti & Sean W. Malone Produced by Sean W. Malone Edited by Michael Ozias Asst. Edited by Soukaina Akdim ______________________________ LINKS: – Inflation – wsj.com/articles/wsj-poll-biden-inflation-voters-11638897374 bls.gov/cpi cnbc.com/2022/02/10/inflation-eroded-pay-by-1point7percent-over-the-past-year.html wsj.com/articles/inflation-disproportionately-hurts-the-poor-11624207206 fee.org/articles/3-ways-rising-price-inflation-hurts-everyday-americans tradingeconomics.com/united-states/inflation-cpi usnews.com/news/economy/articles/2022-02-22/consumer-confidence-ticks-down-in-february-on-inflation-fears nbcnews.com/business/business-news/whats-causing-inflation-economists-point-fingers-different-culprits-rcna16156 techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021 commons.wikimedia.org/wiki/File:Supply-demand-right-shift-demand.svg#/media/File:Supply-demand-right-shift-demand.svg – Venezuela – cnbc.com/2019/08/02/venezuela-inflation-at-10-million-percent-its-time-for-shock-therapy.html aljazeera.com/economy/2021/10/1/venezuela-introduces-new-currency-drops-six-zeros en.wikipedia.org/wiki/Hyperinflation_in_Venezuela – The Great Debasement – en.wikipedia.org/wiki/The_Great_Debasement jstor.org/stable/2593065 tcd.ie/Economics/assets/pdf/SER/1997/Catherine_Downey.pdf – Counterfeiting – fox4now.com/news/local-news/man-sentenced-to-federal-prison-for-using-counterfeit-money washingtonpost.com/nation/2021/09/17/virginia-woman-sentenced-counterfeit-coupon-scam mysuncoast.com/2021/05/25/counterfeiter-cant-stop-now-hes-headed-back-prison – Money Supply & Diminishing Marginal Return – image.cnbcfm.com/api/v1/image/106649548-1596642770437-20200805_m2_money_supply_percent_change_year_earlier.png?v=1 reuters.com/business/economists-eye-surging-money-supply-inflation-fears-mount-2021-06-17 economics21.org/americas-ballooning-money-supply investopedia.com/terms/l/lawofdiminishingmarginalreturn.asp – CPI & Interest Rates – nytimes.com/2022/02/10/business/economy/inflation-cpi-january-2022.html investopedia.com/producer-price-inflation-rises-in-january-2022-5219109 reuters.com/business/fed-raise-rates-three-times-this-year-tame-unruly-inflation-2022-01-20 – We Set The Economy On Fire (2020 economic prediction) – youtu.be/Cpvm8ZKfKh0