MYS199: Listeners have noticed that when Jimmy Akin mentions how much something cost in the past, he says it’s due to “inflation the government has caused.” Now he and Dom Bettinelli are going to explain why he says that, what inflation is, why it happens, and why Jimmy says the government is responsible.
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Links for this episode:
- Thomas Sowell’s book Basic Economics
- Milton Friedman’s book Free to Choose
- Robert Graves’s book I, Claudius
- Robert Graves’s book Claudius the God and His Wife Messalina
- BBC I, Claudius series
- Milton Friedman How to Cure Inflation (video)
- 2010 Keynes vs Hayek rap battle
- “The Country’s in the Very Best of Hands” (Li’l Abner video)
- Federal Reserve
- Weimar Hyperinflation (article)
- Weimar Hyperinflation (video)
- Loss Aversion
- Historical US Inflation Calculator
- Population Decline
- Moore’s Law
- Headline Inflation
- Core Inflation
- How the Federal Reserve Creates Money
- Frederic Mishkin’s piece Headline Versus Core Inflation
- James Bullard’s piece Measuring Core Inflation: The Core Is Rotten
- Asia Times on Housing Cost Underestimate
- Shadow Stats
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