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Inflation Then vs. Now: Follow the Money

The Human Action Podcast

Tags Booms and BustsThe FedInflationMoney and BanksMonetary Theory

06/10/2022Robert P. MurphyRoss McKitrick

Today, inflation and prices are soaring. We know that Federal Reserve monetary policy is the cause. But why didn't something similar happen after the 2008 financial crash?

Bob Murphy and professor Ross McKitrick discuss the government policies, Fed actions, and banking movements that lead up to the 2008 crisis, and why the current economic situation is different. 

Ross McKitrick on inflation then versus now:
Bob explains how Keynesians missed the latest bout of price inflation:
Bob's book Understanding Money Mechanics:

Contact Robert P. Murphy

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

Ross McKitrick

Ross McKitrick is a Professor of Economics at the University of Guelph where he specializes in environment, energy and climate policy. He has published widely on the economics of pollution, climate change and public policy. His book Economic Analysis of Environmental Policy was published by the University of Toronto Press in 2010. His background in applied statistics has also led him to collaborative work across a wide range of topics in the physical sciences including paleoclimate reconstruction, malaria transmission, surface temperature measurement and climate model evaluation. Professor McKitrick has made many invited academic presentations around the world, and has testified before the US Congress and committees of the Canadian House of Commons and Senate

Ross frequently posts on his website

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