Johnny Harris Is Wrong About Inflation

[@iammrbeat]

Let the record stand that I am still a pretty big fan of Johnny Harris. That said, what other videos of his should I react to? Also, in case you're bored and stuff, I stream on Twitch every Monday at 9am Central! There I plan on reacting to other economics videos, as well as geography and American history videos, of course. :) www.twitch.tv/iammrbeat And finally, don't forget my sponsor. You can get priority access to Masterworks by going here: masterworks.com/s/mrbeat

[@Vapez759]

This has nothing to do with the video but nice Weezer vinyl

[@EnderGradRPC]

You stream on _Discord?_

[@zeitgeistx5239]

I dunno, some of his videos are really poorly researched and leads gullible people to think that they have a grasp of the topic based on his superior production skills.

[@emajorchord7064]

Love the Pablo honey in the background lol

[@TNOBasedBatov]

Can you make a short or a short normal video reacting to his latest short about women football and sexism My respect for him was slowly coming back and boom im never watching one of his vids again

[@historyhub9211]

Mr. Beat becoming hip to connect with the youths.

[@iammrbeat]

I'm using the word "based" in regular conversations now.

[@NoNTr1v1aL]

@@iammrbeat I see that Destiny is rubbing off on you.

[@nooblord1233]

@@iammrbeat based

[@GetMeOutOfMyMisery]

@@iammrbeat that's based

[@handsfortoothpicks]

@@iammrbeat 💀 based

[@uncurled520]

I remember when Johnny Harris went independent he made a big deal about it and the problems in journalism, but his content since has been an excellent argument for traditional journalism's vetting processes. Man really needs an editor and fact checkers who can overrule him when he goes too far. When I saw nebula had picked up his content I was actually disappointed because it only offers further legitimacy to his wildly uneducated statements.

[@asier_getxo]

yeah, when he was at vox it wasn't that great either. Always been kind of a neolib propagandist. His content is still enjoyable, and you can get value from it, but under his veneer of objectivity (which is impossible to get a a matter of fact) he's very partial. With borders, I remember really liking his videos and thinking they were super well researched, until he made one of the country I live in (the spanish one), and realised it was actually a vert gross missrepresentation, kinda misleading.

[@skymtz]

Fact checkers 💀

[@AntiContradiction]

​@@skymtzyes, fact checkers

[@NegaRenGenX2gay2lift]

@@asier_getxo in his video about CIA Coups, he glossed over Chile super hard. did not summerize the events at all.

[@TenTabs]

He feels like a cnn correspondent

[@rickwong9049]

The Johnny Harris parody at the beginning really an art. Always love seeing your economic presentation Mr. Beat.

[@erikeliasson4739]

yeah its so funny and on point

[@tacochub4353]

I just sense his jealousy lol

[@josuesilva9409]

@@tacochub4353 it’s just a parody.

[@Prod-MellowDrama]

@@tacochub4353clowning 😂

[@kfaIcon]

@@tacochub4353hi johnny harris

[@matthewgarrison-perkins5377]

Thank you for putting the US inflation issues at the feet of those who deserve the blame, instead of allowing the corporate owned media to continue to scapegoat low income consumers.

[@iammrbeat]

It's funny how the working class is often the first blamed in most media.

[@singularity___]

@@iammrbeat It's always made to be about people not having enough "personal responsibility", isn't it?

[@Jooshyb]

@@iammrbeat It's a trend that's become more glaringly obvious as I become more informed

[@richardarriaga6271]

Yeah, I told a friend those unemployment checks were only comparable to normal income for a few months. Despite being unemployed herself for a bit, she still blames those programs for inflation.

[@wanderingthewastes6159]

@@richardarriaga6271 and they are? Now ofc they aren’t the only factor, but an increase in the money to goods ratio is a textbook cause of inflation.

[@skahg4771]

Johnny Harris always did seem like he was simplifying things so much that he would end up being wrong somehow. I didn't know enough about the material while watching his videos to understand what was wrong, i just knew that stuff could not be simplified to the degree that Johnny Harris tries to. There is always way more context required to understand the topics he covers, and the length of his videos are never enough in my opinion. Videos about economics SHOULD be long In my opinion.

[@BriBryBriBry]

Yeah when he’s not making videos crying about the USA taking something

[@alonkatz4633]

I'd say that if those short videos make people learn more, then it's worth it. I only heard about Johnny Harris right now, so I can't comment on them, but the idea of education is to raise interest in people.

[@marsco1758]

His video on European colonialism is a joke

[@skahg4771]

@@alonkatz4633 I agree that education content is super important. The problem with Johnny Harris, like Mr Beat said in this video, is that he makes mistakes by going too fast and simplifying too much. I think Johnny should continue making videos, as he is very talented, but he should take his time and make the video long when it needs to be. He covers a lot of controversial stuff and the more context the better.

[@surreal5444]

Johnny is a good journalist who provides the pin-point information. But,the problem is he always does that. It's quiet unobvious to expect out of range news from professionals.(you tubers included).

[@CG-eh6oe]

Johnny Harris is great to watch as an experiment on how someone with pretty little clue of what he is talking about can be 100% convincing. I really started loving his videos once i realized that.

[@monhi64]

I wouldn’t say that, like I wouldn’t exactly call myself a fan of Johnny Harris. Hell I’d even go as far as saying I’m skeptical enough to almost be a, let’s say “disliker”. But he doesn’t know nothing, nor is he always wrong. He’s just biased like everyone and puts out some poorly researched info or videos sometimes. Who isn’t guilty of that to some degree though, in the sphere of content Johnny does.

[@ksenia5199]

He’s not always wrong. He’s just very frequently wrong. His videos are constantly being refuted by experts in different fields.

[@jeremyud]

Johnny Harris began life as a Mormon missionary. It's just a deep part of him, even though his political and religious ideology have switched.

[@asier_getxo]

@@monhi64he's extremely biased in the wrong way: thinking you're not. So instead of acknowledging his biases and working through thems, he puts a veneer of objectivity that first misleads his audience, and second, renders him unable to exercise much needed critical thinking over topics. I remember truly liking his borders content over places I had no idea about. But then he made one of a place in Spain, and I was surprised by how ill informed and researched it was. And no, it was not because he said something bad and I felt attacked, since even though I'm officialy spanish, I'm a basque independentist, internationalist, and couldn't care less about ceuta and melilla (the border he talked about)

[@moredac2881]

I really hope more people see this. Johnny Harris has gotten too much wrong recently to not be called out on it.

[@marmac83]

Didn't you know Europe was an impoverished, isolated peninsula jutting from Asia and became the Little Engine That Could (Colonize and Exploit the rest of the World)?

[@enider]

As someone quite familiar with near-modern (the last 500 years abouts) of Chinese history, seeing him just skip over a few hundred in his video about the country was insane to me. He di not even mention the Qing dynasty, I thought I was going insane while wastching it.

[@anthonyhodgson2934]

I agree completely, he has always been a giant turd

[@Somebodyherefornow]

his new shorts are also wrong. You can also sort by new on his comment sections, look at replies on peoples comments. Even his old videos are very bad, some were deleted, some have comments off Look at his liketoDislike ratio

[@soundscape26]

@@marmac83 He corrected some of the info in that video.

[@salokin3087]

Johnny harris proves that overly produced editing and good looks means more than actual decent information or history

[@iammrbeat]

I'd rather try to get the information right than make it look slick, which my regular viewers already know lol. After all, I still am highly dependent on Power Point.

[@salokin3087]

@iammrbeat Virgin after affects user vs chad powerpoint veteran

[@metcas]

It's so true, and I'm so glad it's getting called out. Harris always drove me nuts. He LOVES to put himself front and center and make himself look pretty, and it just IRKS me.

[@jpablo700]

That's charisma. People like charisma.

[@bradley8575]

I mean the guy’s China is so powerful video at times is literally propaganda Or in the US stole Philippines video where he forgets to mention the brutal Japanese occupation of the country and also the fact that the US did want to give the Philippines independence analyst starting in 1935 under Roosevelt he is extremely bias about his video with little fact and info for it

[@trulsslemmeli8134]

Fun fact, Harris is neither an economist, historian or an anythingist.

[@jeremyud]

Harris is a Mormon missionary who flipped his belief system. It's the same conviction, just a different set of beliefs now.

[@houseplant1016]

He studied economy and journalism

[@cosmiclaziness]

fun fast, nobody cares

[@BC_Geoff]

@@houseplant1016 but does he have a degree?

[@Neojhun]

@@BC_GeoffYeah that doesn't make sense, Johnny has a Bachelors in International Relations and Affairs basically Diplomacy. Tangently connected but not his wheel house.

[@willrands1532]

This isn’t the first time this happened to Johnny. I don’t know how I feel about him anymore

[@animatechap5176]

Yeah I don't bother with him any more

That's one time too many for me. Inaccuracies are one thing, but this is just laughably wrong.

[@MisF1998]

I stopped watching his videos. It feels getting so flashy but lacks substance. I guess that if you know how to present yourself very well, you can convince anyone despite how wrong you are at times. I'm a bit jealous of those who have this skill.

[@francist4381]

He's a hack

[@squwooshk]

Didn't he make a video supporting the great reset and the idea of "stakeholder capitalism"

[@MoonManMan]

Thanks for this response Mr. Beat! I also recoiled at his initial definition of inflation and felt that his simplification was playing into a broader narrative of overspending, rather than demystifying the (admittedly complicated) mechanisms of price increases. I'm glad this video is out there as an alternative for students

[@iammrbeat]

Thanks for the kind feedback!

[@hawkname1234]

Agree. It's like saying you score a run in baseball by hitting the ball. Sure, that's ONE cause. But there are others.

[@lorenzoblum868]

When prices are more based on trends and speculation rather than craftsmanship, you trigger chaos. Greed = corruption = inflation.

[@wegder]

When I was a kid, 50 cents bought a movie ticket, popcorn and a coke, sounds great but people were much poorer than today.

[@salamantics]

You nailed his editing style. Mr beat never misses!!

[@iammrbeat]

Well thank you. I have watched quite a bit of his stuff. lol

[@maspesasmasperras5554]

@@iammrbeat you're mr beast without an s

[@cctwoicy]

@@maspesasmasperras5554 😱😱😱😱 REALLY

[@Wow_btw]

@@maspesasmasperras5554 😱

[@ritokazoriv]

You could say … he does not miss a beat 👀

[@ralphm2425]

Johnny pretty clearly contradicted himself when saying it was money people needed, but also that it was more than they usually have

[@iammrbeat]

Exactly

[@MultiSciGeek]

Exactly this was so weird to me. Like all my hippie friends suddenly sharing right wing Trump memes.

[@shortsbetacompil5523]

He is wrong about COLONIZATION in Africa too. Outrageous that he defended it

[@haseebdaudzai3250]

Not really, most people need more money than they have (people cant afford healthcare). If they get all the money they need, there will be more money in the economy than there should be. Thats because some people have more money than they need. The economy is unfair sorry, but some people are always going to be better off than others. When stimulus bills starting coming inflation was going to follow.

[@xHarpyx]

Stimulus spending is a scapegoat. The main cause is corporate greed run rampant. And no one in the mainstream are talking about this fact! They’re reporting record profits. All data shows it’s lack of price gouging regulations. Since corporations own the media and the government, there’s nothing to counteract the propaganda.

[@portalrene2485]

I congratulate you for the courage of challenging anyone, including Johnny Haris who I follow since the pandemic broke out. Whoever is able to influence must be on permanent check. Good luck!

[@mbrannon]

At some point, we might have to stop pretending like this is a one time thing or just the one video for Johnny. He has a history at this point. Whether we get a correction video like this on one of Johnny's new video projects is like 50/50 these days. Each correction video doesn't touch on the trend of other corrections and instead always talks about how much they like his other videos. That is no fault of the people correcting him and I think that the issue is obviously just that they only have expertise in the one video that they are focused on and so they don't know about all the other issues in other videos that different experts have weighed in on. That often leads to stuff like in this video where you and others talk about how Johnny is great and all his other videos you enjoy but this one particular video you need to correct. Except it is not just this one video and you are one of a half dozen experts in a half dozen different fields doing and saying the same thing to Johnny's videos to the point that half of his videos are problematic. Johnny has a problem. Johnny's lack of thorough research runs deep through a large number of his videos across a wide range of topics. He is often misleading and outright wrong. Or worse just toes the corporate or propaganda line when talking about things he doesn't understand. He has been corrected by so many people on different videos ranging from this one, to his How Europe Conquered the World series, to the Chinese capitalism video where he was basically being a propaganda mouthpiece for the world economic forum sponsorship without being clear about that (while also simultaneously mirroring Chinese propaganda attempts on the platform). That last one also has a direct line of reasoning to this inflation video (in who it props up and who it blames) and now we can start to see a trend that makes me think its not just being poorly informed but possibly intentional on Johnny's part. It's reckless and it isn't a one time thing like each person correcting seems to think. Johnny seems like a nice guy (which only makes this more insidious) but he is misinformation central since breaking off on his own.

[@milesalexandria3862]

Yeah, someone needs to work on a more thorough critique of him as a whole, all these add up to an incredible shady track record, especially with his responses to the critique. I'm beginning to think his only decent video is the language one

[@joeljs9778]

👏👏

[@peternystrom921]

stoped subbing to him directly after the first wrong video i seen from him.

[@tobarf2940]

Everyone makes misleading content, or gets something wrong. Its up to the viewer to factcheck and learn themselves about the sources given in order to under a work's legitimacy. Not just let others do it for us

[@frankguy6843]

@@milesalexandria3862 Tom Nicholas made exactly that video: "Johnny Harris: A Story of KZbin Propaganda" kzbin.info/www/bejne/eqbQYZWnjMucfdk

[@Unofficial_History]

I like how you corrected the issues with Johnny's videos without ever saying anything mean or insulting. If anyone says there was some kind of insult in this video, youre wrong. This is a prime example of how to argue with others online cordially and with respect. We cant all agree with each other all the time, and its good to correct each other when needed. Well done, always a pleasure watching your videos!

[@yunggk7776]

It's called being a Professional something other KZbinrs don't know how to do

[@haydencapps]

Thats probably good because he was also wrong about many things

[@Michael-mh2tw]

'Corrected the issues' he gave his opinion on it

[@yunggk7776]

@@Michael-mh2tw he actually did correct information johnny got wrong especially about who was getting more money from the government that's not an opinion

[@iammrbeat]

Thank you for the kind words. I definitely try really hard not to be mean, but sometimes I can get a little salty. :)

[@plazmikpond]

Your mockery of his editing style at the beginning got me dying bruh 😭💀 too accurate

[@benfelps]

This is a great fact check, I think Johnny Harris is like the tip of the spear of KZbinrs who read Wikipedia pages and then make really confident sounding videos with slick production that are usually misleading, false, or incomplete.

[@nanaaddae4790]

He’s very bad at his perceived “job” that I truly believe he’s only made it so far because of his production budget. I can’t even recommend him as a way to start from the beginning of diving into a topic, because of just how poorly he explains things!

[@tboards71]

And you’re a dumbass. Harris will literally place his research info on a table, for all to see. It’s kids like yourself that only see the production of the videos, you know, like a goofy cat chasing the laser light on the floor.

[@MultiSciGeek]

This is EXACTLY it! Literally that's what he does lmao

[@frego16]

Dude, how can you say is a great fact check having the most basic concepts wrong. Is not possible to have inflation without excess money. It won't just happen because you would have to violate basic principles which would be a nonsense. Mathematical models won't have any sense. For example, in order to have inflation, without excess money, suddenly there will be 'budget imbalances' because people would spend more money than the existing. Do you hear how illogical that sounds?

[@somethinglikethat2176]

I don't know anything about Johnny Harris, but if he covers a basic economic topic this poorly after getting a degree in economics, I'd hate to see him cover something he doesn't know much about.

[@TheMaghorn]

Johnny Harris is the prototype for "Having a degree does not make you an expert."

[@ludvig707]

I am actually amazed about the fact that you can have an Economics degree and still get the easy macro 101 definition of inflation wrong.

[@iammrbeat]

I say the same thing about myself! I have degrees in journalism, history, and education, but do not feel like I'm an expert in all three areas.

[@agonistadenoche7806]

@@iammrbeat c’mon Mr. Beat, you may commit some mistakes here and there, but there’s no doubt that you’re an expert educator

[@derekevans8294]

@@iammrbeat I have a journalism degree as well.

[@johnnyhshify]

@@iammrbeat finance, economics and various subset of science and engineering are very technical degrees. KZbin is full of shot these days, dangerous racking up millions of view. By the way, the modern definition of inflation is wrong and perverted by keynsians

[@cgraviss]

It's not prices, it's money supply. Prices follow money supply, but not evenly.

[@SalutExpla]

When the lady at the start said "money is one of those things" I really felt that

[@iammrbeat]

lol this is my favorite comment

[@alexzhu3109]

we indeed live in a society

[@jakobibraden2083]

Easily the best parody of johnny harris ive ever seen

[@derpmcgerp8062]

Ikr. Johnny's editing style is so over-the-top. Mr. Beat definitely nailed it. Started grinning immediately after I started the video. Lol

[@iammrbeat]

Well thanks! I sure had fun with it! :)

[@MidwestBen101]

the hakim one is better

[@marie22112]

Thank you for this video. I am sick of people trying to pin inflation to an overly simplistic idea that "the government is handing out too much money". The inflation we're dealing with now has a lot to do with the labor shortage & reorganization (2.6 million excess retirements and 47 million Americans changed jobs in 2021) and the global supply chain disruption caused by covid. Interest rates are a factor but there is much more going on. Plus it's not like the US is the only country in the world dealing with inflation....

[@CheeerriOH]

Don't forget opportunistic corporations jacking up their prices far beyond the increases in cost because they know they can get away with it.

[@ComradeCatpurrnicus]

Are you really just going tobleave out the undeniable main factor? Corporate price gouging that goes unchecked because our politicians are often bought by those corporations. Workers get screwed and exploited by corporate greed and so do the customers that they will drain as much as they can out of, taking literal any flimsy, semi-true, or completely untrue, reason to do so.

[@alexkozliayev9902]

"I am sick of people trying to pin inflation to an overly simplistic idea that "the government is handing out too much money"" But it is original meaning of term "inflation". Because it was called "inflation of the monetary base", meaning you printing money, or spoil precious metals in coins. Expanding a monetary base naturally leads to growth of prices. For some reason people started to call any rise of prices "inflation", which is not really correct, because absolutely different causes can lead to rise of the prices. It strange to put absolutely different phenomenons under the same word.

[@AmericanRevanchism]

Supply chain issues were not caused by COVID. They were caused by the government's response to COVID. We must be accurate in order to understand who is to blame. A virus did not shut down tons of businesses, the government did.

[@marie22112]

​@@AmericanRevanchism Our shipping ports and freight lines were never shut down, they were deemed essential workers. The bottleneck with Northeast Asian shipping lanes even happened in 2021 -- long after any state or federal lockdowns ended in summer of 2020.

[@Noah73827]

I love the Johnny Harris parody at the beginning! I can’t tell the difference.

[@iammrbeat]

:) thanks

[@TheMDVeed]

Seriously, the beginning was phenomenal!

[@BrianSky1]

The editing quality is amazing. Fan since 2018.

[@iammrbeat]

Wow, thank you!

[@roseroland1998]

Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[@anthonyrussell5718]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@lisaollie4594]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@svengrot7943]

@stanleyedwin6947 Please who is your FA and how can i reach out?

[@svengrot7943]

@stanleyedwin6947 Impressive, i’ll most definitely check her out. I buy the idea of employing the services of a Financial Advisor because finding that balance between saving and living requires counsel.

[@ChaosEIC]

Inflation does NOT create any shortage. The shortage creates the inflation.

[@Pierretbt]

The Intro to the Video was really a spitting image of Johnny Harris's Intros, and that Kansas map part really got me!

[@iammrbeat]

Thank you. And that map really is from the late 1940s. It's amazing.

[@theeJordanTaylor]

Oh my god... Mr. Beat, you are leveling up.

[@iammrbeat]

finally!

[@timelston4260]

I'm surprised you didn't mention how one of the major contributors to inflation this time was the supply side disruption caused by the virus. Johnny made it sound like the supply chain couldn't keep up with the demand caused exclusively by government handouts, ignoring that the virus virtually stopped production.

[@TzarLatok]

" _I'm surprised you didn't mention how one of the major contributors to inflation this time was the supply side disruption caused by the virus._ " He did but very briefly in the clip starting at 9:00

[@Duck-wc9de]

And some social questions too. People went two years without doing stuff and overdid it in 2022. For instance, in Portugal, it came out a repport that the Portuguese spent 20% more this christmas than they normally do ajusted to inflation. One thing you need to know is that the portuguese population is poor, 40% of it relies on goverment subsidies to stay above the line of povery, the country also had one of the worst recessions in the eurozone, but people still spent like they never did before. And this does not aplly just for christmas, but that holiday, etc... things that people postponed from 2020 and 2021

[@harrybaals2549]

"the virus stopped production" you mean the government stopped production. the virus did not transform into a sentient being and tell the world governments to suicide their supply chains. the government did, or more accurately, the people who tell the government what to do

[@timelston4260]

@@harrybaals2549 I think they are called epidemiologists.

[@harrybaals2549]

@@timelston4260 You're so plugged in you're beyond saving

[@OneNewHope]

His movie ticket example actually kind of proves his own definition wrong... It's not like movie theaters have been selling out for decades... there are plenty of open seats for 95% of movie show times. So how is inflation "when businesses don't have enough stuff" in that case?

[@johngleason663]

Despite having watched your videos for a long time, I didn't know you had an economics background. Much respect from a fellow Econ teacher! I think you did a great job breaking down a complex topic that many students have difficulty fully grasping. It would be awesome to see more Mr. Beat economics content in the future, I would love to show it to my students.

[@iammrbeat]

Right on! I plan on a video about Reaganomics at some point. Thank you for your service as a teacher. :)

[@lepeangel3700]

@@iammrbeat REAGANOMICSSSSS

[@murtog1]

I hope you didn't teach johnny harris

[@dragonhero14]

@@iammrbeat Regan smash!! Can't wait for the video. Note: I think many of the policy changes Regan pushed or supported were flawed for the long term and have had an overall negative affect for Americans, but reserve the right to change my mind 😊

[@Jessupz]

@@iammrbeat what about a video on marxist economics? that could be interesting.

[@a_plus_luxe3426]

During covid zoom workers moved to smaller towns outside metro areas. Keep in mind landlords hate lowering rates, they would rather offer 1, 2, or 3 months free rent than lower rent by the equivalent 8-25%, so while rents were skyrocketing up to 3,000% in third rate cities as institutional investors bought up hot markets, rent merely flatlined or fell slightly in cities like NYC and LA. In that case widespread migration caused significant inflation without any input from the money supply. In another part of the economy for complex reasons shipping from China is cheaper than domestic flat rate. So these days 1/3 of all packages coming into the US are either Shein or Temu. They are filling up shipping containers on the way here, which are heading back to China empty, skyrocketing the cost of shipping causing further non-monetary supply inflation. It’s complicated, theres a lot going on and printing money isn’t half of it.

[@alisagman362]

I watched his Inflation video, and two weeks later my Intro to Business teacher showed it to us in class, and now, two weeks later, your here telling me it is wrong 💀

[@SyrupPls]

It is a cause for inflation not the definition of inflation

[@divinefavour1289]

mr beat is actually the one that is wrong

[@iammrbeat]

Oh no! Well do you still have the same teacher next semester?

[@alisagman362]

@@iammrbeat no, I have a different class next lol

[@nz3134]

@@divinefavour1289 how do you figure? Johnnys explanation is very 1 dimensional. As Mr Beat states many times - and correctly - Inflation is much more than Johnnys explanation

[@Quadrophiniac]

Honestly, I think Johnny does a lot of good work, but you are spot on. I think he is just so damn good at telling a story, and combine that with really good editing, and some awesome music and people just believe it. Its so well produced, that it feels like there has to be a whole team of people behind it, so people just assume that its accurate information. That's just my take anyways, and I am certain that Johnny will respond to this positively, cause he can actually accept constructive criticism

[@nasis18]

I've never watched him, but if he accepts critique, than he isn't a bad faith actor. He should be given the benefit of the doubt. No one is infallible, we all get something wrong from time to time.

[@Bragosso]

Neither a fan nor an antagonist of Johnny, just wanted to say that he DOES have a team behind him.

[@RobertThePro]

I'm pretty sure He's the lead editor/writer for Vox

Lately, every time I hear Harris's name, it is about what's wrong with his latest video. Looks like he went full on form over substance. He did very good work at some point, but it looks like this is now over.

[@nateb9768]

Get this… months ago I emailed Johnny’s agent asking for a copy of a sources list for a specific video. No reply. Don’t think he has a team at all. If he had a team they’d give me a sources list so I can see if his work floats down the stream.

[@sterlingmarshel6299]

The unemployment rate was temporary and didn't have to happen. The government randomly decided which businesses were "necessary" during COVID-19 and created unemployment. Complete mismanagement by the Trump and Biden administrations. We are still living with those frustrations now and companies are gouging consumers because they will not lower prices even when their supply chains are back to running smoothly and raw materials come down.

[@dibsdibs3495]

The number of “Johnny Harris is wrong” videos is growing.

[@iammrbeat]

Well, to be fair, it coincides with Johnny Harris' growing popularity

[@dibsdibs3495]

@@iammrbeat fair enough, like you said he does however prioritize telling an entertaining story as opposed to accuracy. I will say that he’s very respectful in commenting on these videos correcting him which is very admirable.

[@eric_has_no_idea]

​@@iammrbeat the KZbin engagement inflation problem. KZbinrs create response videos to keep that in check. Can't have one person take the view-supply.

[@BeautifulEarthJa]

It coincides with Johnny spewing misinformation

[@automatic5]

@@dibsdibs3495 he has to be respectful otherwise it will ruin his credibility. however ehat is not admirable is his growing amount of incorrect information on his videos. trying to educate others or do journalism, you should at least have the information correct, so if nothing else this speaks volumes about johnny's lackluster work ethic ...

[@patrickking5883]

I remember having a visceral reaction to this video. Like no dude, we weren’t buying boats, we were trying to afford rent and having our landlords jack it up upon renewal

[@justinallen2408]

It was so shitty I had a studio apartment that was 1400 already too high, considering there was an infestation of roaches in the complex cx then it was raised to 1500 due to the stimulus which I did not receive fantastic right what a world.

[@migueld1733]

Hey ba in economics and major in accounting here. Thank you for this

[@maribethmorgan7886]

Damn-weird that Johnny didn’t go into the number of companies that took advantage of PPP loans- one report estimated that about 15% of the PPP loans were fraudulent, but yeah no shame on the citizens lol. This take was expected and is pretty common in America- I graduated highschool in 2019, and we were still being taught Reagan’s trickle down economics, but I didn’t know shit about tax brackets and wealth Inequality.

[@iammrbeat]

I hope to one day make a video about Reaganomics!

[@maribethmorgan7886]

@@iammrbeat please 🤦🏼‍♀️ that concept was pushed SO hard in my highschool economics class, and these kids from poor families with huge disadvantages totally ate it up

[@georgegillespie3737]

@@maribethmorgan7886 Reagan had a mixed record on taxes, so I would be careful to smear his tax policies as trickle down economics.

[@mohammedsarker5756]

PPP fraud is a serious issue but not really relevant to an inflation explainer, it should be its own video

[@phillylifer]

@@mohammedsarker5756 no? Free money?

[@the11thdoktor]

Thank YOU for correcting it + giving it the proper context!! Really hate the oversimplified fear mongering of COVID stimulus investments

[@iammrbeat]

Yeah so many in the media repeat those tired talking points.

[@vchrocks]

Thanks for this video. Glad you pointed out multiple times that FED is NOT exactly run by the federal government. It has a complex system of ownership, contrary to popular belief.

[@adrianalexandrov7730]

That's actually much more scarier that a bunch of unelected officials run something that can have such impact on tge whole economy. And they're not accountable.

[@FairyCRat]

I love that parody you did. I always found his intros very funny. Should've included a coffee machine, highlighters, you adjusting the camera, and throwing freshly printed papers on the table though.

[@PlatinumAltaria]

Can we talk about the shop owner who thinks "Ugh, I have no unsold product! This is terrible!" Because that's totally why they raise prices, not "People want this thing, therefore I can get more money out of them for it!"

[@alexandraa5424]

Same exact thing goes for “ughhh no one wants to work here” while simultaneously offering a horrible wage for the work required. Exploitation ain’t cool just because you’re the business owner. Maybe you don’t have a viable business?

[@nickthompson1812]

It was at this point in the video where the original video completely lost me. He really thinks the poor among us were buying E-bikes with our $1200 stimmy checks

[@ProfessorAlexSilver]

Man, I almost didn't recognize you at the video's start lol.

[@jasonwang7028]

This was a really well done dissection video. You didn’t flame Johnny Harris or anything. Loved this a lot

[@iammrbeat]

Thank you, Jason!

[@finlanderxx]

Loved the parody of Johnny Harris edits at the start. Finally someone recognized the stupidity of Johnny's edits.

[@bkucenski]

Imagine blaming helping the poor for inflation. That's capitalists for you. The S&P, government debt and the money supply all track inflation. Wages don't. Wages have been stagnant. I could have raised the rent on my tenants. But I didn't. They're paying the same as they did when they moved in in late 2019. Looking into people's pockets to set prices just makes you a thief.

[@frego16]

Then let's just print a shit ton of money and give it to the poor. Will it solve their problem? No. Doing it in small quantities it's the same in the long run

[@bkucenski]

@@frego16 Yikes.

[@frego16]

@@bkucenski I live in a country that "helping the poor" politics ended up with more poverty. If printing money works, just give people printers and problem solved

[@bkucenski]

@@frego16 You have to give people serious jobs, not just money. With high speed internet, even in the slums someone could work for call centers and bring money into their town to further help it grow. Business owners and land owners are thieves. Slave wages and outrageous rents keep people poor.

[@frego16]

@@bkucenski where are you from? That exact reasoning is what drives most of the worst countries socio-economically wise. Do you work? Do you charge for it? Why aren't you a thief?

[@petermcgill1315]

Yeah, when someone uses “free money” in their argument… Alarm bells ring.

[@Panasonicy0uth]

Econ nerd turned econ major here, and I just wanna say this is a fantastic video. Definitely earned a subscription from me!

[@cynthiakazmierzski8144]

Thank you for making this. Johnny Harris sensationalizes and oversimplifies everything, most of his videos are riddled with inaccuracies. It's disappointing they let him on Nebula.

[@blackbob1977]

He is wrong about everything, but this is his job.

[@infamcus]

In the opening sketch and this is absolutely hilarious. I subscribe to both of you and this is pure gold. You got his editing on point 👌🏽

[@iammrbeat]

:) thank you!

[@ChadRFoltz]

I love Johnny Harris, but the opening of this where you introduced yourself and then said to look at this map genuinely made me laugh.

[@Kisamaism]

12:00 ish. "Yolo, I'm buying a boat." Yeah, this sounds like he's basing it off the hoards of dinguses who make up the vast majority of our vocal sector of social media. He sees a bunch of dingbats spending their stimulus on joy, while the rest of everyone else is using it for bills to desperately hang on.

[@melon_man_dan6888]

Phew! Happy to know my HS teacher did a good job 😁

[@josher-ch6sf]

I love your economics videos Mr. Beat! Please keep it up!

[@iammrbeat]

Thank you! More to come indeed. :)

[@abrahamlincoln937]

@@iammrbeat Great!

[@Henchman.24]

4:20 wait a minute did you just explain inflation in less than ten seconds?? 😆

[@jackbrown3985]

Thank you for showing us these issues with context, documents, and maps. This is serious stuff.

[@WM-ln4dz]

Whenever I talk about it, I describe it as: "inflation is us". To me, the simplest explanation of the cause is that inflation happens when actors in the market bid up prices, regardless of whatever market we're talking about - consumer, producer, or based on monetary policy. The stimulus would only be relevant if the US had more inflation than other countries (that didn't grant stimulus), but that isn't the case. For the record, I hold both a bachelors and masters in economics, and I would wish every person who watched Johnny's video, would watch yours. The picture you present is definitely WAY more accurate and complete.

[@advisorywarning]

Same…. I am so exhausted with corporations and politicians gas lighting the citizens when we can clearly see what has happened. We can compare data from this country to others… we know that it’s not just about “printing money.” And the sentiment is way way way too common that “free money” is bad and wrong when you should be spending money during a severe economic shut down/crisis and no one can make any income. Plus I notice that the exact same politicians/businesses that cry about “free money” LOVED the PPP loans🙄

[@classonbread5757]

@@advisorywarning Both can be bad

[@johnmcnair1550]

If stimulus isn't contributing to inflation then couldn't the government just keep stimulating the economy with no problems? Could the government give every person a thousand dollars a month forever that they just print and it wouldn't contribute to inflation?

[@WM-ln4dz]

@@johnmcnair1550 Well, the government *could* choose to create a direct transfer payment that is less that whatever the overall growth of the economy is, and that would be pretty much fine. Your proposed program of 1k per month works out to a program cost of about 2.5 trillion per year, which is kind of high. Doing some back of the envelope math, I do figure the US could probably support an average annual transfer of about $761.91 (which could be either that every year, or you could do something like $1000/month for 1 year every 17 years on average) without meaningfully impacting inflation. It is all a matter of degree - the US stimulus probably contributed to 0.1 to 0.2 percent (even partisan sources on the right peg like AEI peg the stimulus at creating only 2%-3%) of the 7+% percent inflation that the US experienced. Mostly throughout the pandemic experienced cost-pull inflation - that is inflation due to an increase in the costs of production, which is exactly what the whole world got during the supply chain impacts of COVID.

[@slightlyirradiatedmuffin3257]

"The stimulus would only be relevant if the US had more inflation than other countries (that didn't grant stimulus), but that isn't the case" If you actually knew a damn thing about economics you'd know this is wrong. The US global reserves status should make it *_far_* more resilient to monetary expansion causing inflation yet it still has one of the highest rates in the world. Not implying that supply shocks and price gouging aren't relevant, but the stimulus money did far more than you or Mr. Beat are seemingly inclined to give it credit for. The M2 increased by around 40% in 2 years, there are no circumstances where this wouldn't cause inflation.

[@mack-uv6gn]

Thanks for keeping things practical and not sensationalizing things.

[@georgehicks4035]

I'm also a big fan of Johnny Harris - he can make ANY topic interesting and broadly relevant. But I had a hunch his explanation of inflation was simplistic and not getting anywhere near the full complexity of the problem. This is a hunch I frequently have when watching his work. Still, he opens minds and makes you care about topics you hadn't previously ever thought about. Thanks for this video!

[@marmac83]

Johnny Harris on European History: Didn't you know Europe was an impoverished, isolated peninsula jutting from Asia and became the Little Engine That Could (Colonize and Exploit the rest of the World)? 🙄🙄🙄

[@iammrbeat]

Well put and thanks for the supportive comment!

[@nicolasvidal92]

I saw some of his work on Vox that's okay, but his personal channel videos are way too... simplistic? He creates a narrative that are too reactionary and it all feels so artificial.

[@enider]

If this has made you consider that, please also reconsider some of his other videos aswell. My personal pet peeve is his video on Chinas history and its many problems, but alot of his videos in agregate from a rather clear narrativ about how the world currently works. I dont think this is actively melicous but merely him not seeing his own biasies.

[@justinwatson1510]

He is charismatic and makes slick videos, but then the ruling class has never had trouble finding charismatic propagandists to shape public opinion.

[@smac5443]

Mr.Beat always spitting facts.

[@iammrbeat]

Even when facts are boring! lol

[@andrewprahst2529]

Cant beat the Beat

[@TheRepublicOfUngeria]

To note something technical: The Fed is not actually independent. Its existence is contingent upon congressional legislation, its governors are appointed by congress, and most of the net money supply increases come from fiscal appropriations enacted by congress. Interest payments are the only way that The Fed can actually net increase the supply of currency at its own discretion, and interest repayments are always a small minority of overall expansion of the supply of currency. All other net increase in the supply of currency is caused by acts of fiscal legislation.

[@mauryanempire7503]

Finnally someone is debunking Johnny Harris video.

[@ninjawarrior8994]

Mr Beat is no pioneer in this field though. I have seen other videos talking about Johnny Harris.

[@nateisawesome766]

@@ninjawarrior8994 Nathan Rich

[@simlevesque]

there are many of those already

[@iammrbeat]

I know a lot of us Historytubers tend to groan about his stuff.

[@marmac83]

@@iammrbeat Johnny Harris on European History: Didn't you know Europe was an impoverished, isolated peninsula jutting from Asia and became the Little Engine That Could (Colonize and Exploit the rest of the World)? 🙄🙄🙄

[@oddurthorsson3436]

The real mess up was that he tried to simplify such a complex subject with so many variables into a 6 minute video. I just did a 10 page school assignment regarding inflation post covid and still felt that I missed some important details.

[@CreamIceMs]

Right? Especially when he repeated some things twice within the 6 minutes

[@technophobian2962]

Pretty good video. I feel like a lot of people take an economics 101 class and come out of it thinking they fully understand how the economy works and it's all just supply and demand. Also glad that you mentioned the high corporate profits, which I thought was crazy for Johnny to completely leave out.

[@adamrosendahl8090]

There's a reason why he left it out. Do you hear that being discussed anywhere mainstream?

[@classonbread5757]

@@adamrosendahl8090 Yes, very much so.

[@adamsouthard1155]

Thanks for this take. I have been wincing every time I heard the stimulus blamed for inflation. I don't doubt it played a part but when you look at the core components of CPI the part that's really driving that number up is housing. Much of the consumer goods portion (including food and energy as we go into 2023) have been falling back. Demand has NOT fallen off on those items either - supply has just caught up. The world is a very large place and has a very large manufacturing capacity.

[@moonman239]

What the government should have done is set the stimulus package to pay exactly the amount listed as employment income for the previous year. If you made $30K/year in 2019, for example, the government would pay out $30K to cover 2020

[@jonnyd9351]

@@moonman239For everyone? Or for who?

[@ANTIStraussian]

Long story short covid hurt economies

[@adrianalexandrov7730]

​@@moonman239What the government should've done is not shutdown economy for months. And not pretend that everyone is in such a great danger. And not tell all those low payed essential workers to just suck it up while a lot of government officials got a payed vacation.

[@danielgrimes7622]

The youtube drama i’ve been waiting for!!!!

[@iammrbeat]

I don't mean for drama, but I suppose it's inevitable.

[@BriBryBriBry]

@@iammrbeat Johnny deserves it.. you would think he would be down to listen and learn anything if he’s anything like his videos.

[@maurygoldblat8982]

Too much money chasing too few goods. Businesses were paid, but that money went to PAYROLL. It was a way to prevent businesses from collapsing while the government was forcing them to shut down. It was a massive amount of money pumped into a system that was producing less goods

[@patrick247two]

Johnny Harris is starting to give me the Tucker chills.

[@scottg2946]

I'm an avid fan and subscriber of both Johnny and Mr. Beat, and I think the content on both channels is great. I do agree Johnny can be a little heavy on stylistic elements. When I watched the video in question, in fact, I didn't pick up on the fact that Johnny leaned way too hard on the recent stimulus as the primary scape-goat for our recent inflationary woes. I may have been too dazzled by the maps and ski hats and snappy graphics!! Anyway, good work Mr. Beat, this is the definition of respectful, constructive criticism.

[@iammrbeat]

Well his Federal Reserve graphic was so awesome. haha thanks for the support!

[@enider]

If this has made you (even if just a little bit) consider some criticism of his videos then please do the same for some of his others ones. The history of China in "How did China get so big?" is my go to example but he has averything between minor and quite major factual errors in alot of stuff. I love the guy video style and he can be informative, but he does posses biases and sometimes seems quite blind to them.

[@samsingleton5083]

But how is it not from the stimulus. Remember the Federal Government ran record budget deficits and the Federal Reserve monetized them by printing 3.3 trillion dollars out of thin air. What else could cause this massive prince inflation. Consumers, businesses, and the government have all been encouraged to spend with this cheap money. We can say for certain that it was not caused by supply alone. If that we're the case we'd have seen massive price deflation right by now as COVID restrictions have been uplifted.

[@sollamander2206]

I think the drastic demand shifts between goods and services in the past few years have also played a role. Live event prices have skyrocketed since the opening up whereas things like mountain bikes, which were almost impossible to find during lockdown, are now offered on sale routinely.

[@jinxedjosie5934]

I love both you and Johnny Harris, and omfg I can’t stop laughing at the intro 🤣🤣🤣

[@iammrbeat]

I have tremendous respect for the way Harris and his team edits, especially after making that intro!

[@Shrek8553]

Wow this video is really well done Mr Beat, hope this video gets the attention it deserves.

[@duckvs.chipanddale585]

One of my favorite youtubers exposing another one of my favorite youtubers. amazing.

[@mapk1516]

Awaiting Johnny Harris's comment replying to your points in the video

[@iammrbeat]

I'd be surprised if he actually commented.

[@BriBryBriBry]

I am sure he thinks his short videos are so dazzling that you would never challenge him..

[@treyshaffer]

Since we're talking slight corrections, something that would be good to mention as a driver of inflation, Mr. Beat, is inflation expectations. If people expect prices to be higher tomorrow than today, they buy now, which drives inflation. Since the '70s that is something that has been talked about quite extensively by the fed reserve and economists more generally.

[@CreamIceMs]

I got here because I found his video on TikTok and my first reaction was "Oh! A Johhny Harris video! I like him! But I don't know if I can believe his videos given what's happened lately... I will watch with a grain of salt" Indeed a lot of the comments were about debunking him, and they mentioned you and that's how I found you and your video. Thank you, Mr Beat!

[@samlaude2944]

Awesome vid as usual! I am always intimidated and confused by economics and appreciate this video! One thing that constantly confuses me is the lack of communication/ awareness of how insane wealth inequality is and why it seems the public focus is almost exclusively on price of goods rather than where money actually is consolidated. I can’t help but think every high schooler should learn about wealth inequality and tax brackets.

[@iammrbeat]

It's not just you. Even historians often are confused by economics. I blame entire education systems for not teaching it well enough.

[@jacksonray3596]

The amount of money that wealthy people have does not exactly correlate to the price of goods or services.

[@8is]

Economists should really do a better job explaining wealth inequality, since a lot of people don't understand why it isn't *that* important. The absolute value of everything in an economy is not fixed, it generally increases and almost always by a lot over longer time periods. If higher wealth brackets earn more wealth as a result, that does not mean that lower wealth brackets are somehow worse off. You have to remember that in the free market, the way you get richer is not by stealing, but to sell something valuable to others and the way you do that is by creating *more* value. People tend to counter this with stagnant wages, which leads to the morally questionable argument that it's somehow immoral for well off people to increase their wealth more than less well off people. Ignoring the morality of wage stagnation, different studies have come to different conclusions when trying to estimate general wage increases with regards to inflation over longer time periods. You can essentially draw the conclusion that wages have decline or increases. But even if you asume one to be true, it's not that simple anyways. If you compare to sometime when wages were supposedly higher, you can see how technology has immensely increased standards of livings, which compensates for any reduction in wages. More women also work nowadays which has increased the total household income. Average working hours have also declined, which makes working people generally less valuable on an individual basis. There are basically many other factors to consider and nothing in economics is ever clear cut.

[@theman44ful]

Wealth inequality is not something that most Americans care about unfortunately. Humans are programmed to pay much more attention to someone on the same level as them, so like if you’re a teacher and your neighbor is a teacher and they make $30,000 more than you you’re going to notice that far more than a tech billionaire making infinite amounts more than you. Humans just aren’t built to care about huge abstract number differences like that

[@samsingleton5083]

Every modern civilization has had wealth inequality. Even communist ones like the Soviet Union or North Korea. Wealth inequality is not itself a bad thing. In a free market, those who provide more valuable good/services to others are bound to make more money and have more assets of value. This is a good thing, as it incentivizes people to create goods/services that others desire. As long as people are gaining more income and wealth as a result of benefiting society, it shouldn't be frowned upon in the least. It should also be noted that wealth inequality means nothing if there's no inequality of consumption. If the rich spent as much as the poor everyone would have the same standard of living. While a free market would have some inequality of consumption, if interest rates were allowed to rise to their natural rate then more people would be encouraged to save and not spend. And THAT is what so many people don't understand. It's not spending and inflation that grows an economy, it's savings. It's capital investment. That's what we need, but since we have an interventionist economy we are not.

[@stevewyatt186]

[@samanthalaura9938]

Wow I'm just shocked you mentioned expert Mrs Geraldine thought I'm the only one trading with her

[@DaNeceTaitFickett]

I'm from Los Angeles , I and two other of my friends tried her immediately we testified her performing wonders

[@mikeposey718]

I countlessly share my experience with co-workers at work, on how I made $23,000 from $2,000 in 7 days of trading

[@georgettegreg1795]

The crypto market is highly profitable with an expert broker just like Mrs Geraldine Lane. I got recommended to her and since then my financial life has been a success

[@alinawilson5933]

I'm a long term investor. I withdrew my profits of over £56,000 during the covid-19 pandemic

[@FlashDriveFilms]

"Persistent inflation is always and everywhere a monetary phenomenon" It isn't the sheer amount of money supply, it is the mismatch between production & money supply. The pandemic not only put cash in peoples' pockets, it simultaneously shut down major segments of the productive economy. (travel, restaurants, manufacturing) That is where the mismatch occurred. Money up, goods and services down. (Would love to see where you discuss Weimar Germany, the 1980s Bolivian hyperinflation , Argentina on any given year.) Cost push and wage pull may be the fuses that light it off, but the excess money supply is the dynamite behind prolonged inflation. In my opinion, Johnny was more right this time than given credit for..

[@dl2839]

Exactly

[@Rileysworld727]

I think you made a really important point during the video that most corporations are actually making more money than ever before. They could lower their prices and still be profitable, but unfortunately these corporations figured out that they could use the pandemic as an excuse to artificially raise prices and therefore raise their profits.

[@bradzeigler]

They’re charging more, but they’re also paying more in labor costs and supply costs. I don’t think most companies are actually making more profit, which is reflected in the falling stock market.

[@Rileysworld727]

@@bradzeigler During 2021 most corporations raised their pay to attract more employees due to being understaffed. However I know alot of working class people have had their pay cut back down to pre covid wages recently.

[@Krill_all_health_insuranceCEOs]

That's right. That's why gas is still artificially high, along with food staples and so on.

[@zandaroos553]

That being said I think that that’s more an consequence of the inflationary feedback loop than a root cause. Businesses are profit maximizers at the end of the day and if they A. Know there will be an increase in their future labor and supply costs and B. That people will have an increase in nominal disposable income they’ll launch a protective pricing strategy that changes the price based on the new MC, ATC and D curves. But thanks to game theory, since most companies will opt for the protective strategy, this will further aggravate inflation until consumers tighten their belts, demand falls, and inflation drops with corporate profits. This is why future corp profits are expected to decrease significantly in 2023 as the consumer recession finally takes effect. That’s the annoying thing about economics, everything effects everything when then in turn effects the original thing again.

[@Krill_all_health_insuranceCEOs]

@@zandaroos553 price controls and anti-price gouging laws would control this kind of behavior from big business. Sadly when Wall Street owns the govt at every level that won't be forthcoming.

[@robd5237]

it's so frustrating how many people don't have a basic grasp of inflation or monetary policy And as this video shows, it really doesn't take that much time and effort to get the basics

[@robincray116]

To be fair leaders in the past didn't really have a good grasp of the economy either. John Harris' info is very outdated.

[@waywardgeologist2520]

8:43 you are taking out of context his point. Increase in one’s wages due to natural demand isn’t inflationary.

[@TyVision]

Love the Johnny Harris themed intro.😂

[@iammrbeat]

It was fun to make!

[@djcarat6458]

Dude... this is the kind of quality in depth information I seek out! I'm glad I'm subscribed to Johnny Harris and so you popped up on my feed. 👍

[@iammrbeat]

Thanks for watching and the kind words!

[@braedynhoward3644]

What he described... actually happens in reverse. Money becomes slightly less valuable (sometimes due to printing mass amounts of money and bad economic policy), leading to the overall price of goods increasing. NOT more money to spend, increase in prices... while that does have a play in a growing economy, that is natural, and healthy, "inflation". What people want to know about, is the inflation WE are experiencing now, with bad economic policies, covid mandates, mass money printing, and the imbalance of the USD.

[@JuletzMusic]

Great video, thank you so much for these corrections/additions! The gross oversimplification that J. Harris is reproducing always grinds my gears.

[@halfpighalfman3]

Mr. Beat putting out that quality 'tent as always. Today is a good day.

[@anchor7549]

Commenting in hopes that this video exceeds the views of Johnny's video to reduce the impact of his misinformation. Great video, very informative!

[@ericwelsh4853]

Be nice to Johnny! It's not his fault he couldn't find Inflation on his maps.

[@BeaconOfEcon]

The parody at the start was amazing

[@kortyEdna825]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@carssimplified2195]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@brucemichelle5689.]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@PatrickFitzgerald-cx6io]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

[@brucemichelle5689.]

She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

[@PatrickFitzgerald-cx6io]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@Being_John]

Mr. Beat this is just fantastic. Well done.

[@iammrbeat]

Thank you!

[@professorpewpuew]

As an economic historian, I get the feeling that Harris is incorrect in his assessment of interest rates. But he is correct in that that inflation is too much money chasing too few goods. The Fed and other central banks have redefined inflation to mean higher prices in an attempt to deflect criticism from themselves. Wikipedia's own definition changed dramatically since 2020. Rising prices are the result of inflation, not a cause.

[@samsingleton5083]

That's absolutely correct. People forget the original definition of inflation. It was the expansion of the money supply. Now the government has changed it wanted to hide how it was expanding the money supply to fund government programs and monetize debt. And now it uses it's new definition of inflation and tries to pin it on factors other than itself. It's just an absolute pathetic disgrace. I wish Mr. Beat and others would emphatically put the blame where it belongs: on the government and Federal Reserve.

[@hawkname1234]

No. Inflation is, and has always been, the nominal increase in prices, year over year. How are you an economic historian and you're just deciding to re-define inflation to be ONE of it's downstream causes? WTF?

[@samsingleton5083]

@@hawkname1234 That's a complete lie. The gentleman with the original comment is right. It used to be defined as an expansion of the money supply. That was and my opinion still is the correct definition. Price inflation should be used to describe a general rise in prices. And it's abundantly clear that the reason we currently have this ongoing price inflation is because of the massive monetary inflation we've had not only as a response to COVID, but also as a response so the 2008 financial crisis.

[@andrewhopkins3397]

Is it fair to say the "old" definition corresponded to a different financial system? Inflation has referred to an increase in price level essentially the entire time of the US federal reserve system, and especially since the end of the gold standard. If a word has a different meaning under a different system, is that really a valid argument? There is a bit of an implied "under our current system" when someone says inflation has always referred to price increases.

[@finlanderxx]

@@samsingleton5083 Price inflation is mainly because of Ukraine war which caused an energy shortage which makes energy, producing goods and services expensive. So businesses have to raise prices in order to be profitable. The monetary inflation caused assets prices to rise, but not the consumer prices. Now assets prices have been falling due to deflationary monetary policy. That is why Johnny Harris is wrong in many ways, because FED can't control consumer prices directly very well.

[@amj.composer]

The intro was so good that I almost clicked off the video in utter annoyance because those types of intros piss me off so much. Then I realized I'm watching Mr. Beat and that he's PROBABLY parodying that style and continued watching lmaoo. You're missing the obnoxious cinema reel, photo flash, typing, and mouse clicking transition sounds though. [Edit]: You called your video style dorky, and although I know you were kinda joking I just wanna say that your style is my absolute favourite. You waste absolutely no time and I have never had to rewind because you're so clear. Good stuff!!!

[@ANNJUN012092]

Thank you for making this clear to us. It reminds me of my teacher's simplest way of explaining inflation, particularly in our setting here in the Philippines a developing country, where the economic situation is literally and figuratively dynamic.

[@iammrbeat]

It's certainly difficult to explain economics, so I appreciate your supportive comment.

[@coltonreed4488]

Johnny lost me a while ago. He kinda just makes his own brand of propaganda.. love the shade 😂

[@Nyives]

We love your dorky videos. I love coming to your channel because you don't throw political biases into them and you're very clear and concise. Your patriotism is very apparent and you make me excited to learn. Thanks for everything.