Is Hyperinflation Coming?

[@EconomicsExplained]

Thanks as always for watching :D This video was requested by the team over on Patreon. If you want to have your say on what video is produced next please consider supporting the channel. www.patreon.com/EconomicsExplained

[@jai-kk5uu]

Inflation bad fire good

[@jacobw703]

Chrome and Firefox are giving me certificate errors when I try to go to the link for the newsletter.

[@salkjshaweoiuenvohvr]

Video request: overall which has helped overall economy better? Laws enacted by conservative parties, or the liberals?

[@nomadMik]

IS YOUR MAILING LIST SERVER OKAY? I just tried signing up for your newsletter, and I was getting SSL problems. I tried twice. It could be something innocuous, but I can see why email addresses for your viewers would be a lucrative target for hackers-it doesn't take a lot to think of email scams that could trick people interested in finance in these interesting times, even if only 1% of people fall for them. So please check that your mailing list server is secure.

[@robertgaul8109]

ok, so two things that I think are failed to mention in this video 1. what if we are able to produce more goods with the same amount of money? We have seen are productivity skyrocket, so one dollar should by more goods rights? 2. we have more things competing for our dollar, we had access to a more variety of goods and services, we have smartphones, TV, exotic foods, and trinkets from around the world these are both massive deflationary forces that should be driving drown prices like crazy or causing an increase in wages, neither of those things is happening, so why? the easy anwser - consumer debt. instead of lowering prices or increasing wages, to buy more and more stuff and the same prices, people have opted for buying things through consumer debt, they buy their cars with debt, their homes, their furniture, their phones, and increasingly their groceries. consumer debt is so high because it's holding back the wave of deflation. a lot of the stimulus is not causing inflation because of this, any extra cash that goes to the consumer is going not to increasing standards of living, savings, or buying more stuff - it's going to pay off loans.

[@darrenstettner5381]

High school me would never have imagined I’d one day be listening to lectures about economics for fun.

[@jorse456]

well my economy teacher was not an ozzy

[@aayushagarwal4138]

Jokes on you I am still in High School

[@charliejenkins100]

Ditto..

[@winterking2510]

Same here. It's actually quite interesting and affects us through out our entire lives so it pays to understand it

[@winterking2510]

@@aayushagarwal4138 Joke's on you actually. You'll be leaving high school and entering one of the toughest economies ever

[@kudamanjonjo55]

As a Zimbabwean who has seen inflation, hyperinflation, deflation and then hyperinflation all in the last 12 years , this video is emotionally triggering! Lol

[@dallyh.2960]

Is your country one of the ones being neo-colonized by China?

[@screenarts]

Do not privatize your resources. Don't do it.

[@ashthegreat1]

MMT = Mugabe’s Monetary Theory

[@Ganglydude]

God bless you. I hope you and yours receive the blessings of Christ in your life.

[@EnergeticWaves]

@Mutant Pig but do you have any filler?

[@randomjin9392]

_How to know when it's just inflation and when it's a hyperinflation?_ Take some money, put it in the bag, leave the bag out there in the street. *Just inflation:* somebody picks up the bag, takes the money, then throws the bag away *Hyperinflation:* somebody picks up the bag, takes the bag, then throws the money away

[@elmikatv]

Great tip!

[@nathanseper8738]

You summed up the madness of hyperinflation very well.

[@will-wowdk1930]

in hyperinflation money is still wortg lol you can buy things

[@OopsFailedArt]

william super well spotted. Good thing this was trying to make an entirely different point. Very smart sir. Your are a true Einstein:P

[@will-wowdk1930]

@@OopsFailedArt XD people complain about "to much money in circulation" just give me those milions dude and see how i buy a house a car nice garden and "settle" myself for life, because i am smart enough to not waste milions in a lifetime lol..

[@quirkyork5607]

If reading “money printers go brrr” is funny in memes, hearing you actually say it is hysterical

[@mrleafbeef634]

If its backed by gold then the $$$ value will go up!

[@julieherz8909]

the Ethiopian currency is "Birr" so its funnier to me

[@iohin]

18:04 I keep it looped on replay

[@goatpepperherbaltea7895]

Aussie version of burrr sound so good

[@SimonTangers]

Kinda cringe

[@ziksy6460]

My economics teacher in high school used to keep saying "The government doesn't print money! It's a recipe for disaster!" But here we are.

[@billmelater6470]

"teacher"

[@joaquinbarocio5320]

More like “ TEACH HER”

[@Swagalious689]

Countries are weaponizing thier currency for trade once china has amassed trillions doing it. Your teacher was teaching on old economic warfare strategies.

[@joaquinbarocio5320]

Leroyyyyyyy jenkinssss

[@gmarefan]

Technically the gov doesn't. It just let's a private org do it and distribute it to private banks

[@QuestionEverythingButWHY]

“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.” ― Mark Twain

[@0xszander0]

I think i've seen this posted on every single ee vid..

[@schumanhuman]

"The earth belongs to the people. I believe in the gospel of the single tax." Also Mark Twain, smart and witty fellow.

[@chrisblue46]

An umbrella is also a good thing to have on a hot sunny day.

[@GRNM-ro6hu]

Well....the sun can cause cancer so the umbrella is pretty useful

[@bhe8336]

That isn't his umbrella though...Deposits are liabilities.

[@FingeringThings]

Last time I was this early housing was affordable

[@jai-kk5uu]

Inflation bad

[@freeze1305]

1980?

[@miavatarful]

😂😂😂😂

[@jai-kk5uu]

@@alexander-mauricemillamlae4567 you mean housing bubble started right. Because if the bubble has already burst the prices have dropped and became affordable

[@sownheard]

Good old boomer humor

[@EconomicsExplained]

Sorry the video is a little bit late tonight guys. Hopefully it is worth the wait :)

[@michaelmeng1108]

It’s actually pretty early for Friday

[@pojkeee]

Its worth the wait till 12 am no worries mate

[@UGMD]

Bit late = decent time in US

[@maruwan-dono]

na mate ; thanks a lot

[@MikeSnitkovski]

This was a careful and nice explanation! 10/10 would worth again

[@CL-oy3jh]

"There are three kinds of lies: lies, damned lies, and statistics." Mark Twain

[@brandonvillatuya9539]

To be fair, he was pretty bad at math

[@kaydgaming]

He had some stupid quotes at times... and he changed his name to Mark Twain to evade taxes

[@Aristocratic13]

@@brandonvillatuya9539 lol

[@Aristocratic13]

Statistics don’t lie, but people do. I know this from experience

[@artsmart]

Thumbs up from me just because if Twain said it, it's probably so;)

[@tylerprattcom]

Inflation is the expansion of the money supply, and prices going up is the result of more money chasing few goods and drives up the price. So inflation is NOT prices going up, that is just the result.

[@AftercastGames]

Thank you for taking the time to explain this, so that I don't have to.

[@TheOzembuch]

Yes, this video is taking people on the journey through the eyes of central banks and their twisted definitions of facts.

[@TheOzembuch]

@Ksenzu No, exactly the opposite, it's important to get that right.

[@TheOzembuch]

@Ksenzu Well my friend, you need to go a little deeper and beyond Britannica, they have it wrong too. Too many revisionists and Keynesians are running around spreading this misinformation. Many times purposely to further their way of thinking about monetary issues and policies.

[@TheOzembuch]

@Ksenzu NO Sir, you just need to ignore the new changed definition of governments to serve their purpose and look at the original classic definition. schiffgold.com/wp-content/uploads/2020/08/inflation-def-768x445.png

[@economicsinaction]

**Hyperinflation is coming** Me: "And my teacher said I'd never be a millionaire! Suck on it!"

[@SavantAudiosurf]

Peter Schiff said there will be a 35% decrease in the value of the dollar throughout the year 2021.

[@janeethapa8730]

lol

[@cageybee7221]

@USA 2 MEXICO the value of the dollar has fallen that amount since 2000. it's not unthinkable.

[@punditpounder5153]

A friend of mine said, "One day we're gonna drive $100,000 cars and live in $1m homes, trouble is they're gonna look just like the cars and homes we have now."

[@SavantAudiosurf]

@USA 2 MEXICOOK then, I'll go into detail of how it has already been happening for the last 250 years. A bimetallic monetary standard was formalized in 1792 with the Mint Act. It set the gold to silver price ratio at 15:1, deeming gold to be valued at $19.39/oz. The price of gold was $19.39 for 1 ounce in 1792. Today, gold is $1915/oz. That means that since the dollar was created on April 2, 1792, it has now lost 99% of it's purchasing power in comparison to gold, which is what the US dollar used to be back by when it was originally created. Anything else?

[@themongolsarecoming_9437]

To rephrase your question in the words of legends: "Money printer go brrr....?"

[@EconomicsExplained]

Yes, Money printer go brrr....!

[@EckosamaGhostTsushima]

@@EconomicsExplained Money printer go *brrr* ..... &

[@hackerbrinelam5381]

@@EconomicsExplained Money printer go brrrrr

[@Julianna.Domina]

@@EconomicsExplained Haha Money printer go brrrrrrr

[@DarkPa1adin]

I thought BER. Beyond Economical Repair

[@AtlantiansGaming]

The stock video of the dude wondering why he is being filmed at 1:26 was hilarious!

[@thatjuangamer6882]

Had not noticed, so funny lol

[@aventh1114]

Whats weird is that we are always talking about this mental construct of what inflation is supposed to be and how to measure it etc. But when we talk about it we rarly talk about the reality that most people experience. Who here can say that their wage has increased each year according to the rate of inflation? What do I care how you call it, or what a few economists are debating about if the reality is that a large percent of the population is working at maximum capacity (working hours) but can afford less and less with each year?

[@Rocio-op7ot]

@False I like to work tough...

[@vidard9863]

Inflation is a tax on savings that allow the government to spend more money. That is all it is.

[@vidard9863]

... he just said that low unemployment was bad... I don't care if I am paying more for labor because I will be making more, and raw resources would be dropping in value. Besides that it would just make imported goods cheaper, which is what the free trade was supposed to help with. The average people everywhere wins.

[@Rocio-op7ot]

@False Eh..yes, it does, when you wrote "Nowadays the wife has to enter the workforce for the family to survive, not out of being a "free independent woman"… but out of necessity." and I just stated I do like to work. But dont worry that I got clear your position regarding taxes.

[@Rocio-op7ot]

@False Ah...Ok. Fair point.; just thought you were the typical "boomer" that complains how things were better in the past -in this case how women dont actually want to work and the majority would rather be housewives but due to the current economy. Still, I dont understand why you came with such annoyed tone. at the end of your comment. Did that touch your feelings somehow? You know, it could had just been a misunderstanding from me as in this case was...

[@spad4728]

I'm not an economist, but: When I buy something, the money goes from me to the store, and the item goes from the store to me. The goods move in the opposite direction of the money. All of the discussions I've heard about inflation seem to treat inflation as happening uniformly across the entire economy. But, the freshly printed money usually isn't distributed uniformly across the economy, but is instead dumped into specific sectors. It will eventually spread out until it's uniform across the economy. But, since goods and money move in the opposite directions, that means the goods get concentrated as the money spreads out. The end result is both a debased currency and an increased concentration of society's real wealth among those who were lucky enough to be the recipients of the new money (analogous to executives who get extra stock to make sure that their ownership isn't diluted). Inflation doesn't just devalue the currency, it also redistributes the real wealth of society to those who are favored by the man with the money printer. This is a knock-on effect that I don't think is generally discussed enough in the public conversation about inflation.

[@susanmcallister4912]

You talking about black people?

[@AnEnderNon]

@@susanmcallister4912 ?????? what

[@susanmcallister4912]

@@AnEnderNon I apologize. * Afro-Americans

[@FirstnameLastname-ej4kv]

@@susanmcallister4912 no he's talking about JPM WF and BOA and thier share holders

[@Quickonomics]

The Bureau of Labor Statistics be like: "Dont skew the CPI, spend your money like nobody's watching."

[@MichaelGGarry]

(In a near 100% employment situation): "People only leave jobs for a pay rise" - not even close to being true in the real world. People move jobs for a whole host of reasons, of which pay is only but one variable. Shitty bosses, badly ran companies, change of address, change of industry, new qualifications, new job role, better non-salary perks, the list is endless....

[@MichaelGGarry]

Also no mention of the effect of population changes to inflation either...

[@W1DO]

I only move jobs when the new employer offers better working conditions. I work from home 2 days a week permanently and can cycle to all my site meetings. Money isnt worth anything unless it can buy you a better life.

[@basharlabadi1790]

yeah that part didn't make sense to me, it also ignored the fact that people retire and graduate every year, so there is always a supply of new graduates, it's not a closed system

[@AnimatedStoriesWorldwide]

Try to change job in a 30% unemployment economy because of a "shitty boss" then we'll talk...

[@writerconsidered]

Was it a generalization? Yes. But it still holds true and half of your other reasons also have a hidden or open monetary perks. These "change of industry, new qualifications, new job role, better non-salary perks." all have some upward salary trend. Salary will also be the most important reason to move jobs but certainly not the only reason. None of which changes his argument.

[@glennh3855]

You have a gift for explaining economic concepts in a way that people can grasp.

[@dudewaldo4]

I feel bad for saying this but I never come away from an EE video feeling like I actually understand anything more than I did before I watched it.

[@freeross371]

Pretty complex stuff, you have to take notes and break it down like you're in a class.

[@ThatMikotan]

I saw my name as one of the Patrons! Awesome! Thanks again Economics Explained! You are doing good work!

[@hamsterbrigade]

It's weird that so many of the "bad for the economy arguments" really only seem to map out to "good for employees and bad for businesses." Like unemployment being low. In demand employees leave/join companies for a lot more reasons than money.

[@GalacticNovaOverlord]

Yeah, it's just what hurts the elite and rich, not what actually hurts the population.

[@Gio-ym4uj]

I wish I lived during a time when buying a house was something normal people could do. Edit: Some of you should grow an empathy bone.

[@t4ntr420]

@@_patrickst actually wages have stagnated while productivity has increased increased

[@nomadMik]

@@_patrickst If you compare average housing cost to average income, that just isn't true, at least in major Australian and US cities, especially Sydney and San Francisco. For my parents, an average house cost slightly less than an average annual salary. Now it's several times an average annual salary. Nationally, it's still over twice as much, so moving to a cheaper state doesn't really solve the problem, either. This is similarly true in the majority of the US… Seattle, Austin, New York, Portland, LA, etc. www.businessinsider.com.au/chart-australian-wages-house-prices-2018-3

[@GeldorfMcleod]

and why would buying a house; if you could do it; not benefit the economy; more than permanent austerity ; service cuts and low wages ; for the lower waged anyway.

[@basspig]

But taxes were exponentially lower back then. In 1966 my taxes were covered by 1 week of wages. Today they exceed my annual ss income.

[@WellBattle6]

basspig May I inquire were you lived to get such low taxes?

[@mikesteelheart]

When I was a little boy in the 90's my grandpa acted like if I saved a dime then I'd be a millionaire now... LOL!!!

[@Freshman24727]

I’m pretty sure he was trying to teach you the fundamentals of saving

[@conradvonhotzendorf1128]

I mean with compound interest you’d probably have a couple dollars 😂

[@ivarvaw]

If you'd put that dime into assets like Bitcoin, he was right!

[@electronresonator8882]

yes, but a dime every day in form of bitcoin in 2009, ...the coin is so trash that the price is basically 0

[@cf6713]

@@Freshman24727 Unfortunately his fundamentals were based on a system that makes sense.

[@Vinit.R]

Heart goes out to the man sitting sadly on the curb at 17:32. I hope he is alright.

[@ivanbumaschny3758]

EE: Is hyperinflation coming? Me, who lives in Argentina: Always has been.

[@BennieVredestein]

Is it still bad over there bro? I hope not

[@saniks5070]

@@BennieVredestein it's about to get worse . Because the currency is controlled by the central bank .The dolar net reserves are negative.And to solve that problem they convert all the dollars that get into Argentina to pesos at a range of 80 to 1 ,much lower than the real value of 150 pesos per dólar. So after the conversion they use your dollars to supply the increasing demand.

[@tomasfaella7499]

@vertex2100 well, we have a burble in the dollar value, so the people buy it because "it will never go down"

[@matilozano96]

​@vertex2100 We buy foreign currency, because it can only go up. It's also not advisable to deposit big quantities of USD in banks because our country has a history of using money from deposits in order to finance the central bank's deficit. In 2002 bank savings were forcibly converted to government bonds denominated in Pesos (regardless of the original currency), which was devaluating rapidly. As a result, most USD in Argentina is saved in cash today, wether in safes in banks or at homes. We don't trust the government, basically. Cars tend to go up in price, as well, so they're a good way to save value. In other words, a new car depreciates at a slower rate than the peso does. Mainly because car prices are set in USD and then converted to peso when selling.

[@gonzalomorislara8858]

@@saniks5070 Net liquid dolar reserves are negative, net reserves are still over 3000 mill, albeit perhaps not for long

[@abrvalg321]

Invest into inflation, it always goes up.

[@warwickeng5491]

Those Zimbabweans know what's up

[@caorusso4926]

Stonks

[@cageybee7221]

jokes aside, you may be onto something. if you can plan for it you can make money off inflation.

[@bachpham6862]

*George Soros hyperventilating*

[@NUCLEARARMAMENT]

@Steven Moore Mansa Musa was living proof of that.

[@QuestionEverythingButWHY]

“Don't think money does everything or you are going to end up doing everything for money.” ― Voltaire

[@Grizabeebles]

I hope I live to see the day when people stop counting the value of things in money and start counting value in terms of *calories.* Economics predates our current models of thermodynamics - there's no such thing as perpetual motion, ergo there's no such thing as perpetual growth. The key to a stable and prosperous economy is meeting everyone's needs while also reducing costs and eliminating overproduction. It's what every living thing on the planet already does.

[@capitainebonhomme1609]

Voltaire never said that Haha 😂🤣

[@voxomnes9537]

@@capitainebonhomme1609 He probably didn't.

[@Booth-]

Everything is about money, except money. Money is about power. -Gina Reignhart

[@louisejoel]

Oh but I wish I had a real garden to tend sometimes

[@mwbgaming28]

The problem is when prices increase faster than wages Look at the poor bastards on centrelink, even disability pension is insufficient to pay the rent outside of government housing, now imagine living in private rental on less than $300 per week (for all household expenses)

[@rhwing5095]

9:20 You know the system is fucked when a reduction of consumption is seen as a bad thing. The foundation of the entire world economic system is based on debt financing. A sad tale.

[@openlink9958]

I mean if you buy stuff with money you dont have thats a more cultural problem, and I agree Im more for small government

[@nowhereman6540]

Are you taking about consumption, or the rate of consumption? If the former, you are wrong, unless you want society to return to a pre-industrial time.

[@freddie7981]

@@nowhereman6540 yeah... i assume he means rate of consumption.

[@letobabel4519]

All economies are based on debt. Money is debt.

[@rhwing5095]

​@@letobabel4519What I mean is the economy is based on _debts growing indefinitely._ I.e., keep borrowing _more_ to generate growth.

[@johanliebert6734]

AH YES it is all coming together

[@EconomicsExplained]

Kronk intensifies

[@KevinButler55]

I find it amusing how professional the "Is the money printer causing inflation" card looks at 2:47

[@Dan16673]

Lol

[@armin1048]

11:10 Would you perhaps make video on the minimum wage? Seeing as economists are usually against price controls, and a minimum wage is basically a price control on labor, I would be interested in your take. Milton Friedman had a lot to say about that, too ;)

[@analcommando1124]

Milton Friedman was an evil little dwarf who perpetuated an economic scam.

[@slurpii4669]

Mixed economies work better than traditional capitalism, you just need to compare us to Scandinavia, funny thing is that Scandinavian countries apply restrictions to everything except the minimum wage

[@sertank735]

“We have this crazy global economy that is based on debt and inflation.” Also, “There are these crazy people that want to balance budgets and have a balanced monetary policy in a world of runaway inflation.”

[@lewis123417]

Damm fiscal conservatives wanting to ruin people's good times with restrictive monetary policy 🤣

[@loc1123]

"hyperinflation = game over for the economy" Argentina: ha! i can do this forever. *introduces a new currency for the 4th time in like 50 years.

[@charlieross6866]

Reminds me of the Good Place: of course, the opposite is also true, and precedes to make a whole new argument.

[@EconomicsExplained]

Haha well the good place was certainly entertaining.

[@ethanbrinkman7110]

*sees video posted a second ago* Me: oh yeah time to procrastinate

[@EconomicsExplained]

We understand you have many options for your prcrastination and we would like to thank you for choosing to procrastinate with Economics Explained! We hope to see you again soon.

[@markonfilms]

One of my favorite ways to pass the day while I learn!

[@MardukGKoB]

Ten years ago, Arby's used to have special offers of five sandwiches for five dollars. Today, the equivalent special deal is two sandwiches for six dollars. That sounds like prices have tripled. But if you look at the official measure of inflation, which in the US is not based on consumer purchases, you'll see that it comes nowhere near the actual increase in price. My grocery spending has roughly doubled in the last three years. Not reflected in the official inflation rate. I say, bring on the inflation - inflation is good for debtors and bad for creditors. In the current circumstances, almost anything that is bad for creditors is good for the economy. Also, what increase in unemployment payments? Not many people actually got that extra money, and a lot of people were even denied the ordinary level of unemployment. I know three people who lost their jobs, all qualified for unemployment and the extra money, only one actually got unemployment at all and he didn't get the extra amount. The "stimulus" was just another big corporate welfare program, designed to cripple the economy. It's looking like starvation will break into the top ten causes of death in the US this year, and maybe top three next year. It was 44th in 2017, according to the CDC (it's called malnutrition there).

[@stevesmith7413]

Reminder that most economists have no idea what they're talking about.

[@screenarts]

Yeah they brought us neoliberalism and look where that's gotten us

[@tnatstrat7495]

As opposed to... who?

[@frederickdoofman5020]

@@screenarts what has it gotten us

[@screenarts]

@@frederickdoofman5020 The last 40 years. You do know what neoliberalism is right?

[@wyattbarnes9641]

None of the kainzean economists anyway

[@RWAfuture]

Today it's not about return ON capital. Today it is about return OF capital.

[@tims9376]

What does this mean?

[@thelogicmatrix]

It kinda sucks how things are getting more expensive but we aren't earning more

[@codycast]

Who’s “we”? I am. My employees are. Our vendors are.

[@will-wowdk1930]

@@codycast most people cant afford things

[@OwenPrescott]

Invest in things that will become more expensive over time

[@Grizabeebles]

@@OwenPrescott -- That's like telling a drowning man to "swim harder". In order to invest, you have to be able to accumulate an initial nest egg of capiital. More than 15% of workers in the U.S. are stuck working part-time jobs. About 10% of the work force were working 2 jobs before the pandemic. It's really, really _hard_ to work on your investment portfolio when you're working 60+ hours per week just to keep a roof over your head and food on the table. And before you start - if there's not enough captial to make inveatments, there's not enough capital to buy a house or go to college. It's not about skill or work ethic - it's about capable people not having inherited family wealth. If you want a system that rewards merit, make health care, housing and education human rights - life, liberty and the pursuit of happiness.

[@codycast]

william super I wouldn’t say “most”. Our biggest company challenge is still finding good people who will work. We don’t even require any special skills. Just work hard. Honest. Able to communicate. $60k to start. And can’t find people.

[@chillian12]

Great, now we all can become trillionaires and weave baskets out of money! Always wanted a Benjamin Franklin backpack!

[@EconomicsExplained]

Always look on the brightside right?

[@whateverllllllllllll]

Thanks for another intersting video. However, I feel you missed two important points related to inflation. First, the issue of sticky wages. The second, how inflation benefits those that that have access to credit or assets which increase in value as the money supply increases. Both tend to increase wealth inequality..

[@ddmcdono]

@Economics Explained, you have just picked up a new subscriber due to your excellent explanation of inflation, hyper-inflation, and some of its variants. I thank you and look forward to viewing your other videos. "Two opposable fingers up"!

[@HavaWM]

I’m here, 21 months in the future, to answer that last question: INFLATION! Inflation won out. We defs did not increase taxes. And, what a super prescient video. It was a little uncanny to listen to you describe what was going to happen in the future (lots of job openings putting an upward pressure on wages; stagflation; it would have to be inflation or tax increases…) You were spot-freakin’-on. 😳

[@LeRoiJojo]

Last time I was this early, a dollar saved in the mattress was indeed a dollar saved.

[@edmundthespiffing2920]

I live in lebanon, hyperinflation is a thing since January.

[@merlinthelemurian3197]

I hope you're doing okay. I'm sure the big boom that happened there didn't help the situation

[@lucianoosinaga2980]

@@scratchsoft2347 wrong

[@centerous411]

How much dollar today?

[@habibhteit6715]

kint 3am fakker inno we should ask EE for a lebanon video

[@vkray]

Don’t worry. Only America can give you justice.

[@richdobbs6595]

As somebody with a bit of exposure to Austrian economics, I do not endorse this message. I like the AE definition of inflation better: Inflation is a general increase in the money supply. CPI is a kludgy estimate of the effect of inflation for a particular part of society. In particular, it is subject to Goodhart's law: "When a measure becomes a target, it ceases to be a good measure." For those folks that will eventually retire, it is idiotic to ignore the increase of share prices that is driven by increasing the money supply. For somebody actually paying for things, it is pretty clear that CPI is a poor government joke. Food, healthcare, education, housing... They're all gamed in the CPI. That said, since the purpose of the current inflation is to prevent the collapse of stock prices, it seems unlikely that it will be lead to lead to hyperinflation. Instead, it will be managed to lead to a controlled increase of prices in the stock market, for the benefit of a shrinking number of folks that meaningfully participate in the stock market, with the net effect of collecting in assets from victims to the beneficiaries. Hyperinflation won't happen in the USA as long as the system keeps at least 10 carrier groups functional.

[@thewhitefalcon8539]

"Inflation is an increase in the money supply" is a useless definition. We have a term for an increase in the money supply. It's called an increase in the money supply. It doesn't need another name.

[@romin7255]

I love your videos man. They're as clear as such subjects can be (LOL)... and they're rather fun !

[@paulomartins1008]

Just wanted to say that it is truly amazing that you are able to understand your audience in such a profound way. The frase - I am sure that most of you understand the consequences of Hyperinflation in the Weimar Republic - really speaks for itself. It is an exercise in humility and subjection to us your loyal crowd and for that I thank you, it always sits well with those of influence. Keep up the extraordinary work, Ibam sure the best of your work has yet to be unveiled.

[@ftlengineer]

The thing with inflation; it is a form of entropy. If going from inflationary to deflationary will cause problems, so will going from high inflation to low inflation. The rate of inflation is a ratchet which does not naturally decrease. For this reason, I am concerned that once inflation does catch up (and it must; the money pool is increased and the amount of goods and services produced are down) that the inflation rate will never be able to return to a healthy level. 50% inflation per month? Probably not beyond one month, anyway. But we could wind up trapped in the 10% per year range, and that would likely force stagflation. Ultimately, I do not find the arguments against deflationary policies convincing. Sure, going from inflation to deflation causes problems, but fundamentally it just encourages different behavior. An inflationary economy encourages borrowing, deflationary encourages saving. I prefer deflationary because saving is a fundamentally healthier norm behavior than borrowing, but either of them will have problems if you exceed the 5% per year range.

[@hadynharris494]

surely governments will increase taxes when things get back to normal to remove excess money from circulation?

[@JOCoStudio1]

@@hadynharris494 Yeah, but you can't expect them to increase taxes in the right places so it will still disproportionatly affect the poor in a big way.

[@whitesquirrel4131]

It's funny because none of the money is backed by anything, just slave notes. Sounds smart though. I hope you were well educated on the scam. Life is a circus, the rich are the carnies, and you rubes are the suckers born every minute.

[@ieuanmartin7845]

It's true but deflation and increased savings severely slows down the economy. Look at Japan. The Japanese Government have had to spend huge amounts to prop up the economy due to the fall in domestic demand

[@tylerbrown4483]

Wow. Almost all of that was treacherously wrong.

[@beastyms]

Can you do a video "What if there was no inflation or deflation" What kind of benefits and disadvantages would such an economy have.

[@Jack-sq6xb]

Uhh is that even possible, like wouldnt the economy just break? Il not an economist so i could be wrong but the economy would just grind to a halt

[@MikeSnitkovski]

any precise value like 10 or 3 or 0 is impossible to achieve in the first place even in full command economy it will be a "paper value" that only exists in reports

[@garethbaus5471]

It would be incredibly difficult to get 0% inflation, but the consistancy might make life simpler, definitely an interesting concept.

[@capnbilll2913]

Stability. And far less government power.

[@WaviestMetal]

I'm studying economics so this is actually something I know instead of the wild speculation I have been seeing in this comment section. No inflation or deflation would mean the economy itself is in completely steady state. To achieve this, the amount of people operating within the economic system would have to remain constant, as would the currency in circulation, as would the amount of producers operating within the system. Even something as simple as population growth can entirely destabilize this equation, meaning it's never realistically possible to achieve in the real world unless human immortality becomes a thing. An economy is "alive" in a way, it is always in a constant state of flux because it involves the exchange of goods and currency... well across the entire globe at this point. There are far too many actors involved for it to ever remain truly stable.

[@sunname6252]

It feels like there are 3 main take aways: 1: In an ideal world, the relative value of currency would be constant, but since this is realistically impossible, having it trend slightly so that currency is worthless is easier to handle than the inverse. 2: A 100% competitive employment rate is unsustainable as it creates a feedback loop of having to outbid everyone else. (Possible solution? Have a non competitive base line, IE Government sponsored construction that feeds everything else) 3: As long as money keeps moving, the printer can keep going. If everyone was given a million dollars, and goods/services supply was able to satisfy the consumption of that million dollars, no harm done, but if the supply of goods and services can not meet the new demand, costs go up and the value of that million goes down.

[@mikeg9b]

1. Maybe not. Constant money sounds like the gold standard. Most economists think leaving the gold standard was a good move. Here's a video trying to be balanced in showing both sides of the argument: kzbin.info/www/bejne/fJOni2OFl7eLnKc 3. This has nothing to do with your comment, but here's a good video on the money printer (and its effect on stock prices) if you can think deeply enough to understand it. I wasn't able to, but maybe you'll do better: kzbin.info/www/bejne/gWTPgWZ4nduhidE. Ben Felix has the best investment KZbin channel I know of, BTW.

[@lesliehorwinkle]

Knocking off a zero hurts more but keeps everyone in sight of what's going on.

[@staygrayed1099]

The stock market has suffered the impact of the virus and electoral debates and has affected major holding companies. However, market analyst see a new favorable shift coming in the market. Taking advantage of the situation and buying shares of global brands at minimum prices would be best.

[@ignatibaraig1122]

The stock market is appreciating with various stocks like, gold, , bentoil, AMZN, SHLL, NVR, PLNHF13. I've gotten a 120% increase this year. Actually great thanks to Paul my fund manager and analyst.

[@redhidinghood9337]

When will we see "Economics of Economics Explained"?

[@vilimcvenk1323]

he made it already

[@redhidinghood9337]

@@vilimcvenk1323 where?

[@andrewa9700]

Hard to beat hyperinflation when you have an excess of unemployed people with skills looking for the same jobs making for a hyper aggressive market. Especially when you factor in those people have a standard of living they were expecting to keep since they have done nothing to deserve a cutback in their QOL. Those that don't get jobs that pay the same will be hit by recessions the worst. and what demographic is that. Mostly young inexperienced college age people and older people that are looking to retire within 5 years.

[@wecsam]

9:35: "Why buy a Toyota Camry this year if that same money could buy a BMW next year?" **Scotty Kilmer has entered the chat.**

[@michaelhunsinger8351]

Scotty: "don't ever buy a BMW they are endless money pits"

[@craigcarter400]

In that example it would be better to buy the Camry and invest the difference.

[@applehotful]

Lol

[@gemmrk]

Scotty is awesome

[@Luminousplayer]

i randomly stumbled upon this channel but i love the delivery, great job!

[@iihamed711]

I just finished watching a meme of the inflation of Venezuela seconds ago and I get recommended this

[@heh2393]

Enjoy your stay here!

[@EconomicsExplained]

The Google Gods are onto you!

[@chivasowle286]

The invisible hand of The Algorithm at work.

[@hweigel528]

I still don't understand why "wage inflation" is so bad (15:31) according to conventional wisdom. Worker productivity rose over the past several decades, so shouldn't we expect/promote a proportional amount of wage inflation? Maybe I'm just a center-left armchair economist, but it seems like the fiscal policies which "defend against" wage inflation exacerbate income and wealth inequality.

[@richdobbs6595]

Stock price inflation is good. House asset inflation is good. Education inflation is acceptable, because we need an educated workforce. Healthcare inflation can't be argued against or you want to people to die. Wage inflation is apparently "real inflation".

[@Arhpeco]

I woud also prefer more in deph explanation or real world example. More money (to a point) might lead to less workhours, less burnout, greater satisfaction, better productivity and more spending (simmilar to german or french economy) building a fundation for strong middle class that coud afford paying a little more for produced goods.

[@richardallen1555]

It’s all about comparisons if you inflate all wages costs equally you haven’t actually payed people more value you just increased the number

[@hweigel528]

​@@richardallen1555 Not necessarily! As the video discusses, the "Consumer Price Index" is the main metric used to measure the harmful effects of inflation. As far as I know, there's no law which says that CPI and wage inflation MUST be highly correlated. Most goods are price-sensitive, they won't get more expensive just because consumers have more money. If I understand correctly, the typical argument goes: "Well if wages rise then companies will have to spend more on labor, so they will be FORCED to raise prices." But large companies have saved record amounts of liquid assets and spent record amounts on unnecessary buybacks in recent years. So I don't think this is a legitimate argument either.

[@ritwikreddy5670]

@@hweigel528 "Most goods are price sensitive, they won't get more expensive just because consumers have more money". That's where you may be wrong. Most goods are price sensitive, and that's why they get more expensive as consumers have more money. If consumers have more money, then the value of the money vs their time and comfort decreases. They would want more goods since they have better value to price ratio now( essentially like buying an item on sale). And since most productions have very little flexibility in volume of goods produced, the output of goods remains almost constant ( unless there is a technology breakthrough that enables better production). This drives the demand up driving the prices up. It definitely won't cancel out the effect of increase in wages if the goods output remains constant or increasing, but if output is decreasing like now, it may.

[@spacecanuk8316]

Was going to say that the inflation over the last while seems to be more in the capital markets than the ground level economy.

[@Rob-fx2dw]

It is absolute B. S. to say nobody is going to leave their work unless they get a pay increase . People leave employement for a variety of reasons including wanting reduced working hours or more suitable work hours, wanting to relocate for family reasons , relocating for health reasons, relocating for lifestyle reasons and many more factors.

[@GameFuMaster]

The problem with fiat money is that you never really know how much it is worth. Since all we really need for survival is a shelter and 3 meals a day, it's kind of hard to know whether we're actually achieving that through a measure that doesn't actually measure anything. I feel like a secondary currency that's measured against land (since it's relatively fixed, and is essentially easily traded), to balance against fiat money would provide better stability.

[@darknecropsy]

“inflation is good” says the wealthy economist while your average joe can hardly make it to next month and is a hospital visit away from ruin while everything around him is getting more and more expensive...

[@MikeSnitkovski]

I don't understand... if you are poor, just stop being poor... /sarcasm

[@caorusso4926]

lol just buy cake lmai

[@NagorbMan]

Yeah, Inflation is good for banks and rich people who have money in assets. Its also great for people who are up to their eyeballs in debt (like every government). For everyone else its at best neutral assuming their inflation adjusted wages are the same for the same amount of work, and more likely they're just losing money. The real suckers are the people who are responsible and save their money and don't spend more than they have.

[@sebas8225]

The rich part is that when the average joe wants to invest, it usually ends in a scam or a robbery, where the bank gets away with it case State money print, etc...

[@thegypsy8779]

@@NagorbMan Those people better wake up and buy some stocks, silver, and gold

[@pinned.byjohnmichaelgodier1726]

A financial crisis is a great time for professional investors and a horrible time for average ones. Think deep..

[@BBC....]

@Adrian Henry Which is the best asset to invest? I want to know.

[@pnnedbyRabbiSimonJacobson]

Gold or bitcoin

[@PinnèdbyAndrewMoMoney]

@@pnnedbyRabbiSimonJacobson Gold is physical, Bitcoin is digital and has strong cryptography. Bitcoin is the new digital gold

[@cryptocapitalventure6096]

Don't see bitcoin investment as a risk, in every success there is always a risk, the ability to take those risk makes you successful.

[@thinkmedia5705]

The recent trend is the fact that crypto currency traders can never be poor. Thats always my motivation

[@po1nt1776]

Economy explained: Its safe to print money when demand is low and supply is high. Economy explained half a year later: Is hyperinflation comming?

[@thioga1]

He's as consistent as global economy.

[@bluemountain4181]

But supply isn't high atm, it's low

[@capitainebonhomme1609]

Inflation is still extremely low despite 10 months of "printing money"...

[@po1nt1776]

@@capitainebonhomme1609 You mean right now. You do realize inflation doesn't show over night.

[@Dan16673]

@@capitainebonhomme1609 if you go on crooked cpi measurement. Money follows different paths so there is lots of inflation to find

[@comet1062]

Do you have a podcast? I feel like you’re engaging enough just as audio.

[@aceausdesigns2536]

Finally proud to see someone from Australia ❤️ love this video so easy to understand.

[@TinosNitso]

I believe high inflation is coming in a few years from now, specifically after interest rates go up. Normally that would reduce inflation due to forex - if fewer USD exist they should buy more. However, higher interest rates increase the costs of most businesses directly, and they'll be forced to raise prices. I believe inflation will be much more than 3% - the system will fail. The problem with current economic theory is it fails to understand *global* inflation. Btw gold is overpriced compared with other metals (e.g. platinum).

[@QoraxAudio]

Well, inflation took off quite rapidly now and increasing interest rates is exactly what they're doing.

[@emmettobrian1874]

Inflation is bad if you HAVE money. It's good if you OWE money.

[@marcusw4107]

" This videoes sponsor is you" meanwhile i get four commercials in this video 🤣

[@brainndamage]

All the reasons you said deflation is bad, are actually good in my opinion: -prices of goods fall over time: reduces consumption: environmentally friendly bacause people only buy the things they need, incentivizing delayed gratification -disincentivizes debt: good because debt is basically slavery -wages: reward long term employment, because if kept at the same pay, the value is higher over time -shrinking minimum wage: no problem if it tracks the deflation rate of goods, in other words your money is worth more over time, so you need less of it So what I see is good for the common man. It's not good for anyone who uses debt to pay for themselves, and who uses the debt based economy to skim money without providing any actual value or added worth to the actual product. So banks, lenders, governments, etc. The thing that doesn't make sense to me is that, to paraphrase, disincentivising debt will make innovation very hard. I'd argue that most innovation that actually benefitted all people, was made by inventors and businesses who didn't primarily use debt to fund themselves.

[@brainndamage]

Also another point you made regarding inflation "makes people richer over time" is absolutely not true, the value of your money goes down over time, even if you get more of it for your work (your pay tracks inflation) the price of goods will go up as much too, so you didn't actually gain any real value, just the number went up (but value went down). Who really got richer is anyone who got a cut of the inflation money: the money created by central banks, regular banks, loans, government handouts, etc. (because that money is actually stolen value from anyone with already existing money). So if your money lost value, your goods prices went up to cancel out any real effect of having a higher amount of money has, and other people who got the stolen money now actually do have more money AND value than they did before: the only people that got richer are the ones who got that stolen money, you actually got POORER relative to the new average.

[@brainndamage]

What it boils down to, in essence, is a pyramid scheme. A highly obfuscated, deeply layered and structured pyramid scheme, but a pyramid scheme nonetheless. Any currency not backed by any limited resource will always end up as a pyramid scheme. This is why you used to have gold/silver backed currencies, or in modern times cryptocurrencies that are limited by a mathematical equasion: it turns them from a pyramid scheme into an actual store of value.

[@morphos2]

One of the problems in what you're stating at 14:20 (that I don't quite agree with) is the fact that government spending is not immediately a good thing if the spending is occurring on non-transactional goods that happen to be redundant... like a second highway parallel to an already existing highway (side by side).

[@tariqueanwarmulla]

So me being unemployed is helping my country 😀

[@McRemmyBaby]

Yessssss

[@tariqueanwarmulla]

@@McRemmyBaby sadly I am not helping my country anymore 🥲😂

[@TheSwedishHistorian]

@@tariqueanwarmulla 😢

[@EckosamaGhostTsushima]

hyperinflation is already her- money printer go *brrrrrrr*

[@dekyl935]

'inflation is something take for granted these days' laughs in greek 'deflation is worse than inflation' cries in greek

[@WhatIfTrayvonMartinHadAGun]

2 years later, it would be a great time for a new video on this topic...

[@MaxSnowDude]

This youtuber is ahack who knows nothing about economics

[@storminmormin14]

I also wish you had addressed the problem of reserve currency dumps that come along with a lack of faith in a currency.

[@brunorohden7413]

The original definition of Inflation is the expansion of money supply, while the increase of price levels are its result. The definition has been changed to benefit the government, as the expansion of the money supply is the government falt, the overall increase of price levels are the capitalism fault.

[@sebas8225]

Socialize the losses, privatize the gains, how the rich get richer and the poor get poorer.

[@chillinchum]

How did you come to these conclusions?

[@brunorohden7413]

Some study, look for the old definition of inflation, you will be able to find on old dictionaries if you access to those. From that point on you will need some research, if I'm not mistaken Rothbard wrote something about it, but the objective behind changing the definition was never explicit, nor could it be, with some common sense you will reach it.

[@Tate.TopG.]

@@brunorohden7413 wow, I didn't know anything about it. We are getting played by the system.

[@QoraxAudio]

@@brunorohden7413 That's not an old definition. That is the definition of inflation. But people often confuse lower value of money with higher prices of products, since they tend to be inversely proportional to each other.

[@mattw9764]

Money printing did not just start in the way you implied. It has been going on continuously at some level.

[@dannydaw59]

When there's deflation people are still going to buy what they need like food, utilities, gas. They're not going to wait to buy those things they need.

[@varghen0]

Exactly. And nowadays (with inflation), people don't hoard food, utilities and gas fearing they will be more expensive the next year. Small inflation and deflation doesn't make people care about that.

[@ChaotikmindSrc]

That thing about deflation being so terrible is bullshit, we have seen no country dying of deflation, on the opposite there are plenty of inflation catastrophic exemples.

[@bonbi16]

@Chaotikmind bc deflation is less likely to happen

[@ChaotikmindSrc]

@@bonbi16 That's kind of a moot argument, since gov always push for an inflationary system...

[@ChaotikmindSrc]

@@bonbi16 And btw a lot of economist disagree with that

[@AbzaMB]

A minute for constructive criticism if I may: Understanding this is a channel about economics, I’m in no way trying to dissuade you from earning money. However, you might want to consider reducing the number of ads in a given video. Might be just me, but I counted 12 ads throughout the video, which is honestly is a quite frustrating and annoying when you trying to enjoy quality content. And just like you mentioned about the inflation in the video- “it’s good in moderations”, I’d like to kindly suggest you use the same principles towards youtube ads. Cheers and thanks for making great vids!

[@karenwang313]

Get yourself an adblocker bro

[@freckrpeckr]

Nice video, but I would have mentioned how house prices (the main cost for households) isn’t included in the CPI, also how the substitution of good works in estimating inflation and how this can downplay inflation, and finally how technological forces, especially going forward, can easily contribute to price deflation. Thoughts? Cheers.

[@menguardingtheirownwallets6791]

The price of food is rising at 15% per year, but the government says that inflation is only 1%. Yeah, right.

[@ashthegreat1]

And house prices going up 10% year on year sounds a whole lot like inflation too.... but let’s not include that everyday expense in the calculation. Gets in the way of the statistical ‘narrative’. Definite oxymoron there right?

[@jamesholt7340]

I've seen no increase in the price of food,maybe exotic fruit but a gallon of milk is only $2.30 ,same for the last 15 years...gas is only $2 a gallon compared to $4 10 years ago

[@DumbledoreMcCracken]

@@jamesholt7340 agree. There can be no PRICE inflation without WAGE inflation. The median income is flat or declining. Millionaires have to pay at lot more for luxuries, like Hypercars. But those are discretionary purchases. Things people must buy can't go up if people don't have more money.

[@iWambo]

DumbledoreMcCracken the statement there can be no price inflation without wage inflation is not true. Idk where you got that idea. Wage inflation can be a cause of price inflation but without wage inflation, tax inflation will also causes price inflation.

[@DumbledoreMcCracken]

@@iWambo where did you get that idea? My statement is relatively well known if not popular in economics.

[@christopherweston6028]

I'm curious how automation will effect these systems and if traditional responses to the fluctuation of indicators will keep the system in balance.

[@Michelrs]

*Hyperinflation is coming* Argentina: it looks like we are not alone anymore :D

[@theoriginalmarkz]

Inflation is the market correcting for poor monetary controls. Your goods are not becoming more expensive, your money is becoming worth less due to over printing. Supply and demand works with your currencies as well....

[@RikNewbury]

Inflation (according to Austrian economics) is actually defined as the increase in money supply, not the (related) subsequent rise in prices.

[@Sanjayd1998]

5:34 I think you meant "Heisenberg's" consumer price index haha

[@Griffatron3000]

When your ADHD kicks in and you're just staring endlessly at b roll footage

[@FinanceOptimum]

😂

[@the_haakinton8924]

YES

[@megapet777]

I hate that.. I dont think I have ADHD though lol

[@peacemaster8117]

@@megapet777 Google "ADHD test" and find out, it's quick and free.

[@greatbasinexploration]

The Model T is a good example of deflation. In 1908 it debuted at around $850. In 1914 Henry Ford announced the $5 a day wage. By I think 1925 the Model T could be had for $260 which would be 52 days of work to afford one. This is of course when the U.S. dollar was backed by gold and almost no average American was subject to the Federal Income Tax. Deflation was the norm since economic growth generally outpaced the value of gold mined.

[@RightCenterBack321]

Great video, but we AREN'T paying off our debt via taxes. The debt is so astronomical and federal spending so out of control, you could strip Americans of all their financial assets and you'd pay it all off at the cost of making Americans broke. This is what Thatcher meant when she said, "The problem with socialism is that you eventually run out of other people's money."

[@capitainebonhomme1609]

I look forward to hear about "Quintillions" Love this word 😍

[@danielhopkins296]

I like a quadraplexed quintillion

[@capitainebonhomme1609]

@@danielhopkins296 If people think there will be high inflation, then they should buy assets now Such as real estate Note: a car is not asset, hence avoid buying cars.

[@danielhopkins296]

@@capitainebonhomme1609 is there superior and inferior assets?

[@capitainebonhomme1609]

@@danielhopkins296 Assets are not classified like this We classify assets according to risks. For example, real estate is low risk because it's a tangible asset. On the other hand, a share portfolio is considered higher risks because you can't actually enjoy your shares ... they are simply dollar value numbers. Hence if one expects a period of inflation coming the best thing to do is buying tangible asset . That's why there is currently a housing boom

[@danielhopkins296]

@@capitainebonhomme1609 you are very able, thanks for the feedback! Aren't these assets like property subject to wanton tax liabilities? If so , how does the liability jibe with the term " asset" . I may be 'splitting hairs" but I'm not sure

[@19billdong96]

When the economy recovers and the downward forces on inflation lessens, there will be 3 trillion dollars going through the economy at some pretty high velocity

[@chubakueno365]

I tend to think a lot of that money has gone to Wall St. with all the retail investors using the now widely available trading platforms. In Wall St money goes pretty much at the speed of light, so once that bubble bursts we'll be pretty much fucked...

[@redmeat4vegans62]

Blast from the past - Stagflation. But my experience of what was happening in America in the late '70s and the brief explanation you gave of stagflation do not add up to me. And it is likely because I need for you to do an excellent explanation for what happened to the US economy in the '70s. Could you please, please do a video of the US economy of the '70s?

[@caorusso4926]

People that don't experience stagflation will never understand, same thing with hunger

[@cageybee7221]

Tl;DR the 70's suffered stagflation because of a fuel shortage that dampened economic growth while boosting up prices, combined with a recent abandonment of the gold standard that spiked inflation.

[@cageybee7221]

@Liberty Meister I would also throw in *Kapital volumes 1-3*

[@cageybee7221]

@Liberty Meister ah so you only read economics books that agree with your politics. shoulda just started with "i'm a hack" and let us all know to ignore you.

[@KutWrite]

I have a couple of differences with your analysis: 1. Inflation is not a rise in prices. As I learned it, rising prices are a symptom of inflation, but can also be caused by other things. Inflation is an increase in the money supply relative to productivity. 2. The downturn in the economy was not caused by a virus. It was caused by opportunistic politicians taking advantage of the fear of that virus. "Never let a good crisis go to waste." - R. Emmanuel 3. An increase in the minimum wage is not good for an economy. It causes an increase in unemployment, especially among new entrants into the work force, who may not be worth that wage. 4. In the US, I believe one reason for incessant wars and foreign aid is to divert currency from the home economy to areas where the impact will be less on inflation here. I think that's a big reason even "peace candidates" Trump and Obama actually increased military spending (and activity) abroad.

[@West_Anderson]

I feel like a follow up to this video being that it's now a year later, would be fantastic.

[@vicencalbets612]

Deflation has always been said to be bad because it is very bad if you own money, but it's very positive if you have money. Now ask yourselve who has the more debt in a country and who has the more savings. Yep, the goverment has the more debt and the ordinary people has the more savings so, why do you think inflation is said to be good? and deflation is said to be bad?

[@777mofo]

“Can we print trillions forever?” Short answer, No.

[@pauliusvismantas2859]

Yeah, u will run out of paper or ink, stupid question.

[@777mofo]

Paulius Vismantas $100 trillion dollar ball point pen.

[@shiva_689]

No, you'll reach quadrillions eventually

[@georgeemil3618]

If the superrich weren't hoarding all the cash and actually release it into the economy, money-printing can slow down.

[@ashthegreat1]

Will the sun shine forever? Short answer - also ‘no’. But a ‘fcuking long time’ is close enough 😉