Pandemic to Inflation: Unraveling the Pandemic's Monetary Meltdown | IEA Book Club

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In this recent IEA Book Club event, Professor Tim Congdon, Founder & Chair of the Institute of International Monetary Research, presents his newly released book 'The Quantity Theory of Money: A New Restatement'. Hosted by IEA Executive Director Tom Clougherty, this discussion delves deep into the heart of monetary economics, reiterating the importance of Friedman's lessons in macroeconomics and illuminating the fundamental role that money creation plays in driving inflation and shaping overall economic outcomes.
Professor Congdon, a leading proponent of broad money monetarism, provides a compelling critique of current central bank policies and mainstream macroeconomic thinking. He argues that the economics profession has largely lost sight of the crucial role played by the quantity of money in determining inflation and economic outcomes. Through his analysis of recent economic events, including the 2008 financial crisis and the 2020 pandemic response, Congdon demonstrates the predictive power and relevance of the quantity theory of money in today's economic landscape.
This conversation covers a wide range of topics, from the creation and transmission of money to the political implications of monetary policy. Whether you're an economics student, a finance professional, or simply interested in understanding the forces shaping our economy, this video offers valuable insights into one of the most fundamental yet often misunderstood aspects of economics. Join us for a discussion that challenges conventional wisdom and offers a fresh and timely perspective on monetary theory and practice.
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[@edwardmclaughlin7935]

"We lost a lot of people during covid - and most of them are still alive." Joe Rogan

[@danelias8658]

Prof Steve Hanke (John Hopkins university) in the USA was warning about inflation rising at the same time.

[@theprovenants]

As were most Austrian economists

[@advocate1563]

Yes I like Hanke. Now calling out stagflation.

[@torquemaddertorquemadder2080]

Maybe these Political Economists have different goals in mind - such as population replacement.

[@delft72]

Today's debt feels small when tomorrow your money is worth less. Gov't like inflation.