Inflation

Typical economic commentary claims that deflation is a Very Bad Thing. Think again.

France is seeing its wealth-to-income levels rise to Japan's level because it is becoming harder for people to save and build wealth.

Money velocity's role in forcing up prices is misunderstood because today's monetary "authorities" fail to consider how new money is injected into the economy.

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

While the Fed governors claim "all is well" and that inflation is "transitory," the bad news continues to pile up. Inflation will be with us for a long time.

Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?

The Federal Reserve has created a tsunami of new money, but a tsunami ultimately must crash, and so will the Fed's inflation scheme.

Former Daily Show host Jon Stewart asked why the Fed couldn’t have bailed out homeowners, or just “quantitative ease” away the Treasury’s debt. Bob breaks down why.