What is Inflation?

[@ChristopherAbelman]

Stashed away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.

[@HildaBennet]

Not all hope is lost. Talk to a financial advisor about inflation-protected investments like TIPS (Treasury Inflation-Protected Securities) that can help your savings keep pace with inflation.

[@FinnBraylon]

Financial consultants can be inflation warriors! They can recommend investment options that outpace inflation, like real estate or certain stocks. A client of mine used this strategy and saw their savings account grow by 15% in just two years,effectively combating inflation's drag.

[@PennyBergeron-os4ch]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this fiduciary??

[@FinnBraylon]

“SONYA LEE MITCHELL” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@PennyBergeron-os4ch]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@NicholasBall130]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@StacieBMui]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@cowell621]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@LiaStrings]

Could you recommend your advisor? I'll be happy to use some help.

[@cowell621]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Nassar Dunne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@BateserJoanne]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@dogzer]

Inflation is treated like a technical term for economics... but it's a naturally occurring event in everything we do. ....Like when a friend asks you a favor and you do it gladly, but then your friend starts assuming you never have anything better to do and asks too many favors, so you have to VALUE your time more, and saying "no" every now and then. ...Or like people that compliment everything too much, even if it's not compliment-worthy, that person's compliments start losing value, aka deflation. Inflation exist because it's part of nature, not a part of money. Economics are not money concepts, they're life concepts. Money is nothing but a universal intermediary, a tool that unites disciplines.

[@dorkutuna]

+Jose Díaz Wow, a novel and interesting view point for me. which leads me to say: "Real friends don't inflate you."

[@liamr7777]

Jose Díaz this comment deserves more likes!

[@SupremeTycoon]

Actually the number one reason for inflation is increase in money supply. The more money there is the more expensive everything becomes... If the money supply was capped you'd get a deflationary economy where everything slowly gets cheaper.

[@freethinker3083]

Wow. Well said.

[@russelldonithan2621]

Wrong the actually definition is to increase the money supply or inflate.this only happens with Fiat money.gold cannot be inflated.gold has kept it value for thousand of yrs

[@carntspell]

Well in 8 minutes you covered what my high school economics teacher couldn't do in 2 years. He preferred to tell us of how well his investment properties were doing, bless him.

[@bobdooly3706]

You should have read your class text book.

[@whatsfunny9571]

Now that you’re an adult you now understand. When you were younger you didn’t understand.

[@dottwastaken]

I'm in love with your grandma. I don't know how to tell you this but i am. Love mike Xx

[@matthewneverwheneverooo9118]

@@dottwastaken WHAT

[@dottwastaken]

@@matthewneverwheneverooo9118 of what message are you referring to? Every reply to the original comment is completely normal and not out of the ordinary. Please elaborate.

[@syluar]

That feeling when you're not sure if it's School of Life or Kurzgesagt videos you've tuned in to.

[@BinaryHistory]

syluar There's a nice rule of thumb for that: "Is there dramatic orchestra in the background?"

[@Maya-iu3nz]

BinaryHistory also kurzgesagt has little tardises running around in most of their videos.

[@MrRT1010]

syluar Wow that's another cool channel. Thanks for, probably inadvertently, introducing me to it.

[@Nashadelicable]

That's a compliment to this channel (and this is a pretty great channel)

[@OmicronWeaponry]

Schools never teach you these

[@LucysCorsetry]

8 minutes and I'm immediately prompted to invest in property or gold instead of simply holding onto cash.

[@worldofcyn]

yep

[@khosta6690]

lol shoulda been doing that, crypto as well

[@worldofcyn]

advice to take to heart

[@fironfiron8843]

Gold nuts. If the currency ever collapsed , then even gold would be useless. Simply because we don't have enough gold to replace the currency.

[@randomguy9853]

@@fironfiron8843 Wdym. Can u explain

[@rishikkeshsuresh3692]

In Venezuela people be like: *Im finally a billionaire, now i can buy an egg* A cold war is going on below.

[@HigherEducationAwakening]

Very sad though. I feel bad for the venezuelan population

[@vilxxjim]

As a venezuelan I can tell you that's true

[@rishikkeshsuresh3692]

​@@vilxxjimHow are you there? Hope you are fine.

[@leab.6600]

@Christian Voros Learn what?

[@jish55]

If you're going off socialism, best add Canada, Australia, finland, denmark, switzerland, New Zealand, and countless other social economic countries onto that list. Also, if you really want to be overly capitalist, best start pushing for America to mimic China, which is one of the most capitalist countries on the planet.

[@oneillbilder]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.

[@ilyaveysman.]

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@Walter_hill_]

in my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@Trevor_Morrow_LTD]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@Walter_hill_]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Vivian Jean Wilhelm" I've worked with her for some years and highly recommend her. Check if she meets your criteria.

[@Trevor_Morrow_LTD]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@Discovery_and_Change]

1:31 Cost-push inflation (where the costs of businesses rise, and businesses then raise their prices) Cost of business could rise because materials are more expensive, because workers are asking for more money, or because rent is higher 2:22 Demand inflation (when too many people want something that there's not enough of) This increase in demand can be caused by people now having more money to spend (whether it be through better saving, earning, or stimulus checks ;-) 3:33 Governments printing money (and the amount of money in circulation increases, causing the worth of money to drop) 6:23 Inflation is bad for savings (causes savings to be worth less) 6:37 Keeping inflation low is a reward to the prudent (people who saved) and helps with long-term planning because we'd know what our money will be worth in the future

[@Icarrydafamily]

brother, can you tell me if I got the rent part right. This is what i understood that due to failure of building permits to busines, business have to rent out, so higher rents affects the cost of doing business. is it right?

[@Discovery_and_Change]

@@Icarrydafamily Higher rent makes the cost of doing business more costly, and higher rent is sometimes caused because there aren't enough buildings available because politics have prevented new building permits from being issued (preventing new constructions)

[@Icarrydafamily]

@@Discovery_and_Change Thanks bro.

[@thisisobviouslynotmyrealname]

government printing money could be considered a special case of demand inflation, cause more money circulating in the economy means higher demand.

[@joseangel7535]

Thanks! Now I'm even more scared of the future.

[@ysf2143]

Hi im from the future.. Its fucked up in here

[@theophilus2766]

Don't worry we've got bitcoin

[@fgonzalez78959]

U should b..

[@w0ahitzheather]

This comment aged well

[@brolysmash9333]

Bro it’s been like this from ages.

[@mattpredictsofm.]

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

[@joecaruso06]

I do agree and in my opinion, considering the world today, the implications of rising or declining rates, inflation, has minimal effects when it comes to trading the markets. It’s about knowing when to get in and get out which requires experience and basic knowledge of market structure. The markets is psychological, it’ll be suicidal to ignorantly get it. Better still, seek the help of a portfolio manager to passively earn and learn the markets at your pace

[@alyoshaivanovv]

@@joecaruso06 I'm not kidding when I say that the market crash and high inflation have me really stressed. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@tommyfisher277]

@@alyoshaivanovv Markets are oceans not lakes. The prominence of basic or institutional financial managers cannot be overstated. Take myself, having faced my share of bad trades, Fortunately with the help of my Pm, I came to understand the essence of timing, capital, entry, exit, goal and how they each affect every asset. Currently hold a $415k portfolio averaging a 14% monthly roi in less than 7 quarters. so I do know the importance of basic knowledge and delegation.

[@bradsandler3526]

@@tommyfisher277 How to get in touch?

[@cpttomnicholson]

@@tommyfisher277 Hold on, the portfolio manager with Morgan stanley? Was recently on a finup with Tate?

[@joesphcu8975]

The way I see it this recession most likely has an external cause. The United States is losing influence as a federal currency for the first time in decades. They don't have any more economies to utilize to control their inflation, and less money is being spent on stock and oil trading than previously. They all lend credence to the hypothesis that a new multilateral world order may be in the works.

[@alexyoung3126]

The professionals are crushing it right now because they have both the necessary approach to pull off a profit in this market plus access to insider market knowledge that isn't made public.

[@lawerencemiller9720]

It’s vital you make sure to Keep this in your back of mind guys. There are both happy and unhappy days. It's a zero-sum game, but always remember this advice: Spend carefully, invest intelligently, and diversify your holdings so that when one performs poorly, the others will. You can do this by hiring a knowledgeable specialist whose platform offers a variety of investment options. You leave little space for regrets by doing this, and you might even gain more.

[@kimyoung8414]

Very true, I diversified my 77K portfolio across multiple market with the aid of an Investment-Adviser & I have been able to generate over 433k in net profit across high dividend yield stocks, ETF and bonds in few months.

[@kimyoung8414]

The adviser I use is actually quite known, you might have heard of her, Eileen Ruth Sparks, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.

[@DeadCanDance31]

“learning to live with inflation belongs to wisdom” lol say that to venezuelans and their 1.000.000% inflation growth per month

[@virgoblue1392]

As if we Americans don't pay a high price for safe drinking water. How long has that been happening.🤔

[@landro3552]

@@virgoblue1392 yea, poor americans :C

[@virgoblue1392]

@@landro3552 Agreed! Damn shame.

[@dokitachi]

@@virgoblue1392 yes, poor americans, they are the best country and the most powerful and stable in the world, what a shame. i'm from venezuela and oyu dont know what is to suffer. we arent even able to fucking poop normally we have to do it in a newspaper to save water we have to pee in a vase you don't know what you are talking about

[@virgoblue1392]

@@dokitachi Hold on! Cause we're getting there. I hope to God our leaders don't give up on us like yours did with you.

[@aishawf]

How can a video on Inflation be sooooo soothing??? 🤔😊🤔 Clearly and simply explained- thank you!

[@AdelinaLanoszka1299]

A powerful coincidence is preparing in the US. Expansion, bank breakdown, serious dry season in the horticultural belt, downturn, real estate market decline, bank emergency, food deficiencies, diesel fuel and warming oil deficiencies, child recipe deficiencies, accessible car deficiencies and costs, the cost of residing place. It's all approaching together and it could prompt a genuine calamity towards the finish of this current year (or sooner). With expansion at present at around 6%, my essential concern is the way to expand my reserve funds/retirement asset of about $300k which has been exposed target since perpetually with zero to no increases.

[@AdelinaLanoszka1299]

@Andrey Kovalskiy That is noteworthy! I could truly utilize the skill of this counselor, my portfolio has been stagnant.... Who's the individual directing you?

[@AdelinaLanoszka1299]

@Andrey Kovalskiy Asking please, how do I get through to him?

[@MichealTanner141]

Wow!!! I know Gregory and I have been growing with him since 2018. His expertise has been the best for my financial journey. I have created a passive income over the years and life feels really better and easy for me. I feel so delighted to read these good reviews about him

[@AmandaRae757]

Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate..

[@ismailapt7008]

Lol why I'm reading through all this bot convo

[@J10044]

Because production steadily becomes more efficient, products become cheaper. The undisturbed monetary status is deflation. This is a good thing because we all slowly get richer. There is no need to invest your money in the financial markets (with all the risks involved) in order to protect yourself against inflation or to save for your pension. Inflation is always the consequence of some form of interference, usually by governments; be it by importing huge amounts of gold and silver from South America as the Spanish did, or be it through economic policy as we currently have. If the amount of money in circulation is constant then the generic price level can only rise when less goods are around that need to be priced, meaning when the economy falls. When the economy stays flat, some prices can rise (due to shortages) but others must fall. It is not possible to grow an economy by increasing the amount of money in circulation. If that were possible we would all be very rich and poverty would no longer exist. What happens in the mentioned 'window of opportunity' is that new money is spread unevenly through society. Those who receive it first, banks and governments, can profit of the full purchasing power of it. Those who receive it last, people on fixed income like pensioners or welfare receivers, are the losers of this great redistribution scheme. It's an injustice. And, as already has been stated, most money is created in the form of credit through fractional reserve banking. This is also the cause of the so called boom-bust cycle or credit cycle as all the credit created has to go somewhere, real estate, government bonds or Internet shares. After a while the bubble inevitably has to burst; the loans cannot be paid back, companies go bankrupt, banks get in trouble and the total amount of money and credit in circulation drops. This is what we call an economic crisis. It is man made and the consequence of the effort to manage the economy.

[@ЯковН-ю9х]

Another common sense comment👍

[@malachymoreland7417]

Yeah, also notice how the video never once mentions the value of your savings will go down when inflation rise

[@TS-gt1lm]

Why is it the nefarious explanations always make more sense. Real talk right here. Takes a genius to sift through all the sh*t nowadays.

[@hdl7233]

Thank you!!! your points are the exact same I found when focusing on this issue, yet every video I watched or article I read, never went deep enough or seemed to understand what they were talking about. I have been waiting on this validation from a second source for forever. Are you a economics professor and is this beeing teached in university? Anyways, Thanks!

[@milhazlantra1920]

Wow.. A six hour lecture covered by less than 8 minutes. Clear and everything is on to the point.

[@MalkuthEmperor]

It's a good video, but unfortunately it is missing one huge element of the big picture , hence why most of the video is good, but not its views on employers , or their " conclusion". Because in all of this video, as in many of their videos, they rather go along with the status quo, and always try to make the argument that whatever problem there exists, it is always inharent, and we kind of have to work around it or with it or something, but changing it is not really in the question. ( namely in regards to social issue, and this time in an economic one) And in this case they forgot to mention that Employers are the only ones who decide what the prices are, and the only ones to decide the salaries of workers who are at the same time consumers. ( only they have a problem that if the gouverment isnt completely corrupt, they can't lower the wages as much as they otherwise would have as is seen throughout history) And the factor that is " employers are insentivised by making profit" I don't need to say more for you to see how employers of massive corporations live, and how they control the market however they chose. I don't think " the school of life is unaware of this fact" , because they did infact talk about this, but they framed the issue as " oh the poor employers are just put in a position in which they have no choice but to raise prices". However, this is obviously not the case, and especially not for key players, who are infacts the ones who control the market for the rest of us. Just think of the fact that douring Covid,douring the hight of the world wide inflation, there were dozens or more CEOs on many news stations , fox, Cnn etc, who were litterally bragging about how they were making record breaking profits, some of whome had a 200% more profits than they did before the inflation. What does this tell us? This tells us that they were artificially jacking up their prices while at the same time keeping the salaries of their employees the same , or raising them less than they raised their prices. And obviously, with this kind of behaviour on the part of employers who have not only no consequences, but infacts record breaking profits, of course that they will enevitably create a bigger and bigger inflation. Watch Richard Woolf talk about inflation and it will be vary well explained why inflation is not just an unchangeable way of life.

[@manifold.curiosity]

This is helpful, now I would really love a whole series on economics. I can get my head around philosophy and politics with relative ease but most financial ideas elude me. I mean, what even is currency?? (that sounds kind of philosophical now that I think about it)

The Manifold Curiosity I'm totally with you on this. I, too, have always thought of the realm of economy and finance as being the one, in which I feel the least comfortable having a discussion and meking assessments.

[@blownspeakersss]

The Manifold Curiosity Currency is whatever you use as money. So, bills, notes, coins, etc. are currency. Money, however, can be anything. Money must have a store of value, function as a medium of exchange, and serve as the unit of account.

[@connorp3030]

The Manifold Curiosity Crash course is currently doing a series on economics (information up to AP level). It's a bit biased towards western economies, but definitely still worth checking out.

[@ThePeaceableKingdom]

The Manifold Curiosity It is the currently recognized crystalline form of human labour. It is currently accepted as such; that's why it's called 'currency'. It can't store value; but it must be currently recognized as having value. Confederate notes did; and then they didn't. Their 'stored value' vanished when they ceased being 'currency'. It is a homologue for energy in the economic system. It can be applied - for good or ill - toward any task, plan, or prospect...

[@mariohwoc]

The Manifold Curiosity It is a medium of exchange. It may or may not have intrinsic value. When it doesn't have intrinsic value, it is accepted because it is valuable as a medium to pay for what you want. So you accept non intrinsic value currency (fiat money = paper currency) because you know others will accept it.

[@Raw799]

There is no dark corner for doubt or ignorance to gnaw at us, so long as The School of Life bestows it's many lessons to us in clear and comforting ways.

[@hesamalinejad3196]

Have taken so many sophisticated economy courses but they rarely could explain inflation and its causes as elaborate as this!

[@richardyepesdiego5702]

Even if a non dollar-denominated asset sees no real gains during inflation that's still much better than holding cash and seeing your real purchasing power undermined. In other words, sometimes you have to chose between the lesser of two evils.

[@brownkelly2033]

Yes Richard. I would rather lose 3% on a stock due to inflation than lose 10% on cash due to the same inflation.

[@berwickperu7683]

One thing I always have at the back of my head is the Rockefeller's advice on how to earn during times like this; while others are panicking and selling or holding,

[@brownhilton2842]

My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?

[@richardyepesdiego5702]

@@brownhilton2842 These strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@berwickperu7683]

@@brownhilton2842 was investing on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfolio-advisor for guidance.

[@Thespring4hub]

Amidst market volatility and soaring inflation, I'm questioning the stock market's recent gains. Is it a genuine recovery or a tactical move to attract new investors? With a $500k inheritance, I'm seeking alternative assets to stocks that can provide stability and hedge against inflation. What are the best options to consider in this uncertain economic landscape?

[@henryallard245]

Honestly, you should consider consulting a certified financial planner! As for me, I'd invest in ETFs and individual stocks - I know it's riskier, but I'm comfortable with my financial situation and willing to take on that risk. It's essential to assess your personal financial environment and risk tolerance before making investment decisions.

[@MarshalWagner457]

No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

[@AshleySommerset808]

Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?

[@MarshalWagner457]

'Rebecca Noblett Roberts' is her name, but I can't reveal much more. Feel free to research her online, as her public profile and basic information are probably accessible online.

[@AshleySommerset808]

I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you!

[@terryzuniga2473]

I liked that last line. "Learning to live with inflation belongs to wisdom"

[@ExplainedThroughRap]

I like the sentiment, but one of the few areas I disagree with. I think the way it's handled contributes to wealth gaps. We dropped a rap explaining Inflation! 🔥🔥

[@MalkuthEmperor]

It's a good line, but unfortunately not true. Because in all of this video, as in many of their videos, they rather go along with the status quo, and always try to make the argument that whatever problem there exists, it is always inharent, and we kind of have to work around it or with it or something, but changing it is not really in the question. ( namely in regards to social issue, and this time in an economic one) And in this case they forgot to mention that Employers are the only ones who decide what the prices are, and the only ones to decide the salaries of workers who are at the same time consumers. ( only they have a problem that if the gouverment isnt completely corrupt, they can't lower the wages as much as they otherwise would have as is seen throughout history) And the factor that is " employers are insentivised by making profit" I don't need to say more for you to see how employers of massive corporations live, and how they control the market however they chose. I don't think " the school of life is unaware of this fact" , because they did infact talk about this, but they framed the issue as " oh the poor employers are just put in a position in which they have no choice but to raise prices". However, this is obviously not the case, and especially not for key players, who are infacts the ones who control the market for the rest of us. Just think of the fact that douring Covid,douring the hight of the world wide inflation, there were dozens or more CEOs on many news stations , fox, Cnn etc, who were litterally bragging about how they were making record breaking profits, some of whome had a 200% more profits than they did before the inflation. What does this tell us? This tells us that they were artificially jacking up their prices while at the same time keeping the salaries of their employees the same , or raising them less than they raised their prices. And obviously, with this kind of behaviour on the part of employers who have not only no consequences, but infacts record breaking profits, of course that they will enevitably create a bigger and bigger inflation. Watch Richard Woolf talk about inflation and it will be vary well explained why inflation is not just an unchangeable way of life.

[@amalianaranjo859]

@@MalkuthEmperorthe comment i was looking for

[@adityadubey9565]

Only after the video ended I noticed the channel it was from...and throughout the video I wondered how come an economist have such a soothing and peaceful philosopher like voice.

[@NicolaasBurgers]

I know this is meant to be a quick video, but I would have thought that a mention of fractional reserve banking would be in order here, since it is the basis for how banks create money. Linked to this is the concept that essentially all money comes into existence through bank loans, which means someone somewhere has to pay interest on every dollar/pound/euro/etc in circulation. The only way that is paid is for someone else to take out a bank loan, and so on. At a national level, this drives an exponentially-increasing money supply. Isn't this the main cause of inflation? I'm no economist - happy to be corrected by any economists out there.

[@rafalpotasz]

***** I absolutely agree with Nicolaas. I fully expected to see FRB somewhere within this video. The 'law' is simple.. The more there is of something, the less it's worth. Then there is the factor of perpetual debt via interest. The BOE gives out £10 into the economy, they expect (let us assume an interest rate of 10%) £11 back. However that extra £1 does not yet exist. That extra £1 has to be added to the economy (which continues to add interest, thus the perpetuity of debt.) At the moment and more so in the future, we will be paying off debt with debt. Look at the correlation between Debt levels and Money levels. They are nearly identical... Agh this topic is so vast and it would take far too long to explain over a youtube comment section, but you should definitely cover what modern banking has become with the abolition of the gold standard and the introduction of governments BORROWING MONEY WITH INTEREST ON TOP to add into the money supply. Sad story. Great points otherwise, I must say that the art work within this channel is constantly improving also, I am certain it helps many people understand the points this channel makes x100. (reminds me of the video you did on Ludwig Wittgenstein).

[@rafalpotasz]

Nicolaas Burgers Excellent comment Nicolaas. I was just about to write the exact comment you wrote and go mental with the economics of it. Then I thought I would ADD to your comment and let nature take its' course as I'm sure a video will be made on such a potent issue. As to money creation in money supply, you are correct, economist or not. It is how it works. All of it occurs over computers, within seconds. And thank you for mentioning the interest. Many people overlook the fact that our governments have to pay interest on money they add into the supply, thus insuring perpetuity of inflation. (Wouldn't deflation be the TRUE benefit to society? Allow us to buy MORE? sigh). Again, great comment, thank you.

[@michalzawadzki6662]

Nicolaas Burgers For the curious, the Austrian School of Economics has produced many books on the subject from this perspective. Murray Rothbard explains some of the issues connected with the current banking system, including inflation, here: mises.org/library/what-has-government-done-our-money Henry Hazlitt has also written great books on inflation. These two authors are some of the best explainers I've yet encountered.

[@mariohwoc]

Nicolaas Burgers Hi! You've got quite a good understanding about mainstream economy. Congratulations on that as an educated person in economy is very valuable to a democracy. There is another perspective about inflation and it doesn't seem to take into account fractional reserve banking because from a bank internal point of view they just can't increase money and loanable funds without some kind of backing security. A bank must first receive an IOU from a third person and then, only then, that amount can be loaned to someone else. The thing is, even if a bank can effectively create digital funs out of thin air, it doesn't make sense from a financial and accounting point of view. You have to think about it from a assets/liabilities point of view. I'm sorry if I didn't make myself clear, english is not my native language.

[@ThePeaceableKingdom]

Nicolaas Burgers How could a machine juggle 3 balls when it only has 2 hands?

[@liamnoah5567]

Given the high inflation, the use of coupons is more widespread than ever and many people rely on them not only for the purchase of food but also for clothing and much more. The transition to the 8112 digital coupon format is imminent. Qples by Fobi is the only platform able to provide physical/digital coupons anywhere in the world redeemable in real time! This is very valuable for the big CPG brands as they allow them to improve their Roi but above all customer loyalty, which has proven to change brands if the situation is advantageous. McDonalds, burger King and many other brands could use Qples by fobi coupons to increase customer loyalty, Roi and improve their margins. Given the high inflation that has led to the reduction in consumer purchasing power, CPGs are looking for new ways to attract customers. I think the arrival of digital coupons and the transition to 8112 has been accelerated by all of this. The decline in margins and profits that we are witnessing of many tech companies, once considered leaders, confirm the shift of the consumer in search of better opportunities and bargains offered by coupons.

[@jhonson3251]

We look forward to the transition to 8112 and the benefits it will bring not only to major brands and retailers but to consumers as well. This transition will eliminate coupon fraud with significant improvements including real-time redemption and increased customer retention.

[@edwardthompson8982]

>Inflation is killing my budget and my salary. I can't invest and it seems like I will need to sell all of my risk assets to keep my head above the water this year. What is the best solution right now? These are really though times.

[@julianmark8866]

investing in forex cryptocurrency market through a professional to guide you avoid losses because the signals are not really easy to read that's why you need to invest with an expert to a better profit

[@julianmark8866]

I had this your experience during the last downturn and I thought I had lost it all but thanks to Mrs Jennifer Marie Ferguson who managed my portfolio,I recovered all my losses.

[@julianmark8866]

Stop managing your portfolio and write her since you keep lossing money , she is a Pro in trading. She'll help you earn passively.

[@frankmarston8417]

@@julianmark8866 I lost a lot in the stock market crash, please I need help. Thank you 🙏

[@Marylynn_santos]

@@julianmark8866 Jennifer Marie Ferguson is the best contract trader I have been trading with her, I made good profits with her and I'm growing my portfolio every month through DCA.

[@bb1020]

i just stopped the video to say: what an amazing work! thank you

[@GeorgeFabregas]

best expanation ever. I have economics exam today, im sick and in my bed. i can't read or write as i am too weak for now. your video solvedc my proiblmes. thsavbk you

[@hermanramos7092]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[@lipglosskitten2610]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@martingiavarini]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@Oly_laura]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@lipglosskitten2610]

@@Oly_laura Impressive can you share more info? How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating.

[@Oly_laura]

@@lipglosskitten2610 Big Credits to 'Christine Jane Mcleanshe has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Christine as been a good guide through the year.

[@EducationCycle]

Great video! So relevant for 2022, interest rates and inflation are going to be HUGE themes

[@longfootbuddy]

inflation is what you teach people to say, when they repeatedly pay too much for things, ask for higher wages, and get ripped off in a never ending cycle.. and it makes them feel its more complicated than that.. and they feel very smart

[@NWforager]

i guess one trick is to stay in front of inflation

[@Riggsnic_co]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@Mohaimam316]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@maga_zineng7810]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@kevinmarten]

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

[@audeywolsh]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000

[@Mohaimam316]

Mind if I ask you to recommend this particular coach you using their service?

[@dchari4181]

Every kind of inflations seems to arise from the greed of corporations and middle class people are the ones getting affected

[@temurtopuria6808]

That explains how the us government handed out 4 trillion dollars to it's citizens during the pandemic and now a used car that would normally cost $10,000 is almost double in price. And don't get me started on the cost of buying a house.

[@someone...000]

woah, this vid is sooo good, my economics teacher put this in class, and though hes such a great teacher, I dont think he would be able to explain inflation as well as this video. I do AQA economics in the UK GCSE, and this video literally covers every part of the exam board specification. What i like so much is that it explains each little bit, and then links it and explains the linkage, and then just summarises it perfectly. Honestly, if youre revising inflation in macroeconomics, this video is all you need, forget your textbooks!

[@gitubhakalita2971]

Best video on inflation to be found on KZbin.

[@LucasAbelMendes]

gitubha kalita the video is wrong, only #3 is the cause of inflation.

[@KlausMarkus]

@@LucasAbelMendes Thank You!!

[@KlausMarkus]

This shity video is fake

[@saifshaikh46]

According to my perception Inflation is caused by 4 main factors that are 1) Cost-Push Inflation 2) Demand-Pull Inflation 3) Excess circulation of money 4) High debits /deficits

[@simplyshama]

Love this! If you could do videos on stock markets, how they determine interest rates and currency exchange rates that would be great. I never understand it and most people I ask dont either. Like why can you get a better exchange rate at one place in comparison to going to another. How does the economy even work!? These are things that, if you didnt take economics in school, you may never really know.

[@jaych1001]

That 'going wrong->growing->falling->failing' animation at 7:00 was beautiful!

[@bonyvicfilms]

A very good visual demonstration of what inflation is. Please, how was this video created, I'll love to learn. Any suggestions is welcome. Thanks in advance.

[@micheal_mills]

The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.

[@donna_martins]

Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.

[@Walter_hill_]

I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer.

[@ilyaveysman.]

This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?

[@Walter_hill_]

Natalie Noel burns is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@ilyaveysman.]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@lovelifelight]

I spent the past hour or two reading ELI5s (Explain Like I'm 5) answers on inflation but only this video offered all three explanations (cost-push inflation, demand inflation, money-printing) so it feels like a nice finish and cherry on top of a night of learning. There's definitely a number of factors that come into play to simply write off inflation as a "good" or "bad" thing. One thing's for sure, though - if I were a financial adviser of some sort, I'd definitely leverage this video to today's youngins and urge them to start investing. INVEST!

[@MalkuthEmperor]

It's a good video, but unfortunately it is missing one huge element of the big picture , hence why most of the video is good, but not its views on employers , or their " conclusion". Because in all of this video, as in many of their videos, they rather go along with the status quo, and always try to make the argument that whatever problem there exists, it is always inharent, and we kind of have to work around it or with it or something, but changing it is not really in the question. ( namely in regards to social issue, and this time in an economic one) And in this case they forgot to mention that Employers are the only ones who decide what the prices are, and the only ones to decide the salaries of workers who are at the same time consumers. ( only they have a problem that if the gouverment isnt completely corrupt, they can't lower the wages as much as they otherwise would have as is seen throughout history) And the factor that is " employers are insentivised by making profit" I don't need to say more for you to see how employers of massive corporations live, and how they control the market however they chose. I don't think " the school of life is unaware of this fact" , because they did infact talk about this, but they framed the issue as " oh the poor employers are just put in a position in which they have no choice but to raise prices". However, this is obviously not the case, and especially not for key players, who are infacts the ones who control the market for the rest of us. Just think of the fact that douring Covid,douring the hight of the world wide inflation, there were dozens or more CEOs on many news stations , fox, Cnn etc, who were litterally bragging about how they were making record breaking profits, some of whome had a 200% more profits than they did before the inflation. What does this tell us? This tells us that they were artificially jacking up their prices while at the same time keeping the salaries of their employees the same , or raising them less than they raised their prices. And obviously, with this kind of behaviour on the part of employers who have not only no consequences, but infacts record breaking profits, of course that they will enevitably create a bigger and bigger inflation. Watch Richard Woolf talk about inflation and it will be vary well explained why inflation is not just an unchangeable way of life.

[@acking1502]

If I would’ve just watched this video 4-6 years ago, my financial situation would be totally different. It’s insane you have to wait until college to learn this stuff.

[@trustysteeringwheeltray7392]

0:44 "Governments track inflation obsessively, and try to keep it low." That's actually not true, the central banks, which are *not* a part of the government, control money printing and 'fighting' inflation. Private banks are a private and un-elected entity that ultimately dictates the wellbeing of the world. It's scary because they can't be audited, so everything they do is hidden from the public and the government. 2:40 "Everyone loves tax breaks, because they raise disposable income. But in the longer term, raising demand also causes price rises" False. Price rises are more often than not caused by heavier money printing, and nothing more. This is Keynesian nonsense to suggest that in a perfect, debt-free economy that tax breaks 'somehow' raise prices. If anything, that would lower prices because that would mean more more productivity, more goods, and therefore lower prices.

[@lolofosho3776]

Well said but isn't the Federal Reserve part of the government?

[@trustysteeringwheeltray7392]

@@lolofosho3776 Google that exact question, and you'll get your answer

[@historynut3460]

LoLo Fo'Sho no the federal reserve banks boards are selected by private banks

[@fedeloops]

A video about ambientalism and economics would be interesting too!

[@nonetaken7873]

The video refused to reveal the #1 reason for inflation, far above all other factors. The government intentionally causes inflation so it can default on the enormous debt it has created. That's it, that's why we have so much inflation. This video also: 1) De-emphasizes the actual definition of inflation, which is simply an increase in the money supply. Everything else is just a bubble of some kind. 2) It ignores the fact that government is always the source of things not inflating or deflating at the same rate. (aka bubbles). 3) It favorably depicts and explains government backed Keynesian economic theory, without even mentioning it's opposite, Austrian economic theory. This is blatant favoritism, it's like saying there is a political party called the Republicans without mentioning the existence of the Democrats. 4) There was also a veritable lie at 0:53 "...governments can say with amazing precision, how the interest rate is going". Completely false, it is well established that governments lie about and under-report the inflation rate to cover up just how much inflation they are actually causing to help them default on their debts.

[@souvikroychoudhury3612]

I have one question. Since prices of different goods increaes at different rate and some decreases even so ho can give one general inflation rat increase of a country??

[@thoup]

CAl Gond lol ok

[@carlosvictor8940]

And the banks and fractionary reserve

[@nonetaken7873]

@@carlosvictor8940 That's a great point. Fractional reserve lending does also create inflation. However the banks can do this because the government allows them to by requiring only a fraction of bank deposits to be available for withdrawal. So the banks are really just the instrument. It's the government that arranged for it to happen.

[@emmanuelmotsi]

The greatest explanation I think i will ever get on this! Thanks

[@xplodnow]

Who is here after the Fed announced they gonna be printing 2 trillion dollars for the stimulus package due to Corona?

[@GabrielPersello]

I am here trying to understand the consequences of that huge print :)

[@bambangmaulana8121]

Well I'm not really know who or what fed is but my country just announced the same thing.. And i a little bit worry about that

[@marinamuller2385]

@@bambangmaulana8121 I'm not from the US but I guess the Fed is the Central Bank of the USA, they are the only ones who can print dollars. Which country are you from?

[@bambangmaulana8121]

@@marinamuller2385 thanks for explaining fed for me.. And i am from Indonesia, they recently announced that they are gonna make money for this corona thing... I not really understand about money economy and goverment thing, but I know that a country can't just make money and fix everything without a downside That's why i search about this video

[@arthasmenethil2201]

USDs are demanded around the world, specially on LatAm where our currencies suck ass. Don't worry, you won't get hyperinflation anytime soon.

[@BillyCheong]

Thank you so much, you explain way way better than my college lecture.

[@nothingspecific314]

Mr Alain de Botton produces very instructive and entertaining videos, I would like to congratulate you.

[@viktoriatunyogi8277]

Hi there! 😁 Thanks for the explanation. I am Hungarian and it is still hard to believe that they know abroad we exist at all.

[@joshchamplin5652]

1st impression: odd definition of inflation. Inflation=an increase in the quantity of money. Perhaps doing a review of Austrian economics(the best!), keynesian economics and monetarism are in order?

[@everflores9484]

+TheBritishCommunist yes, that's true. If the amount of money circulating the economy is bigger than the amount of goods disposables, you've gotten yourself inflation. Deflation happened in 1929, when the supply of money decreased exponentially and the FED didn't increase it thus creating inflation. The problem came later when Hoover made so many mistakes it drove the economy to the worst recession we've ever seen.

[@ThePeaceableKingdom]

There is at least one more cause for inflation: actual scarcity in an increasing population. Not even an increase in demand, but merely a constant demand (per capita) on a finite resource.

[@rohitkiitb]

Fantastic. I am teaching a class on macroeconomics, and this is such a great video to introduce the concept! Thank you :)

[@MalkuthEmperor]

It's a good video, but unfortunately it is missing one huge element of the big picture , hence why most of the video is good, but not its views on employers , or their " conclusion". Because in all of this video, as in many of their videos, they rather go along with the status quo, and always try to make the argument that whatever problem there exists, it is always inharent, and we kind of have to work around it or with it or something, but changing it is not really in the question. ( namely in regards to social issue, and this time in an economic one) And in this case they forgot to mention that Employers are the only ones who decide what the prices are, and the only ones to decide the salaries of workers who are at the same time consumers. ( only they have a problem that if the gouverment isnt completely corrupt, they can't lower the wages as much as they otherwise would have as is seen throughout history) And the factor that is " employers are insentivised by making profit" I don't need to say more for you to see how employers of massive corporations live, and how they control the market however they chose. I don't think " the school of life is unaware of this fact" , because they did infact talk about this, but they framed the issue as " oh the poor employers are just put in a position in which they have no choice but to raise prices". However, this is obviously not the case, and especially not for key players, who are infacts the ones who control the market for the rest of us. Just think of the fact that douring Covid,douring the hight of the world wide inflation, there were dozens or more CEOs on many news stations , fox, Cnn etc, who were litterally bragging about how they were making record breaking profits, some of whome had a 200% more profits than they did before the inflation. What does this tell us? This tells us that they were artificially jacking up their prices while at the same time keeping the salaries of their employees the same , or raising them less than they raised their prices. And obviously, with this kind of behaviour on the part of employers who have not only no consequences, but infacts record breaking profits, of course that they will enevitably create a bigger and bigger inflation. Watch Richard Woolf talk about inflation and it will be vary well explained why inflation is not just an unchangeable way of life.

[@lenoxdaley5760]

My apologies if I offended anybody and this was a really nice video in my opinion inflation is nothing more than an arbitrary systematic depreciation of human value because all money comes from human labor. This video basically says that everyone in power is either incompetent or just doesn't care what happens to average people.

[@wickerbasket1585]

Wow, this is such a helpful video! I think it's a really great balance between specifics/big picture information. Thank you and I look forward to watching the rest of your channel now...

[@wickerbasket1585]

Oh, and I love the music.

[@shaellywork]

Incredible information thanks to this video now I know more about the subject, without a doubt very important, thanks I will share it with all my friends.

[@iDannnnnnnnnn]

would also love more economics videos, this was great

[@erikavisentinbonomo6305]

Really well done and explained appropriately

[@fishinginthedeep940]

Sees inflation master 3000 Immediately thinks of I love you 3000

[@cottondai]

Thanks for the clear lesson.

[@Ebakyza]

I watched this video to understand our inflation better which is at the moment 21,1% in Hungary. I found it sad and funny at the same time that the video mentioned our country as an extreme negative case. I guess that's how we have always been.

[@tangodallas]

Really, that high? How much is a big mac there?

[@Ebakyza]

@@tangodallas Interestingly McDonald’s wasn't much affected, big mac has a normal price. But the prices of groceries from november 2021 to november 2022 became 43% higher. Restaurant prices went crazy high. Now the inflation is 9,9% only (I really can't feel the difference, not sure if we see the real data), but it didn't affect restaurant prices, they just keep getting higher. We're going backwards in every aspect you can imagine. This country has been so badly ruined by the government, I really can't see our future if the current party gets selected for the 5th time.

[@debottamyoutube]

i am spellbound. What a video!!!! how not has anyone else commented in the comment section about this before..

[@CassieTina]

Damn this was an amazing video !!!! I really loved how this was explained and detailed i was glued to the screen. Love it

[@zuhail339]

First video of your channel I've seen and I'm amazed how in such a short period of time you managed to speak coherently on Inflation and it's causes as well as you got me hooked too. P.S. Sorry if I made a grammar mistake anywhere!

[@petemac6676]

GIGNERD SECURITY This video is absolutely misleading. Please read about Austrian Economics for the real definition of inflation. It’s the increase in a nations money supply

[@nomadikmind3979]

So basically it just comes down to greed.

[@coopsnz1]

government greedy on business owners

[@lancebaize1136]

?

[@coopsnz1]

@@lancebaize1136 progressive push up consumpition taxes and regulations on Business then complain why costs to live go up

[@lancebaize1136]

Ben Chesterman regulation in general does. Rent control is a prime example of failed liberal policies. I’d say conservatives are equally economically ignorant however. Libertarian ideology is the only consistent one

[@coopsnz1]

@@lancebaize1136 6 yrs the majority in Australia voted for less socialism poilcy .

[@dougpatterson7494]

People who are in such a rush to get $15/hour minimum wage need to watch this video. Norwegian minimum wage is about 20USD/hour but, with higher prices and higher taxes those on the low end of the scale aren't really further ahead in terms of purchasing power.

[@coopsnz1]

Neither a middle class in Norway

[@edwardspencer845]

These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run?

[@johnnyfrancis3491]

Short term trading is much preferable considering the current market fluctuations.

[@tiffanyanderson9854]

Really am confused especially in the market analysis, how do people take advantage trading them??

[@alejandrodelatorre3860]

@@tiffanyanderson9854 These are what beginners do think, me to I used to think the same way... Thank God I met Mrs Erica Denise Melissa...she helped me in trading and inculcate how the market works..

[@mikaelrutherford1507]

I'm also a proud beneficiary! I've built my portfolio massively and still building. My weekly earnings from her strategies are mind blowing...

[@xeniaartemieva8416]

Who's Mrs Erica Denise Melissa ?!

[@cryptoboy827]

Glad I found this channel. This knowledge valuable more than anything in life. Great video.

[@ajoyjoyjoyce1167]

His voice is from heaven

[@joyfulsoundz1882]

that laugh and scene definitely fits this government/system and I'm sure you feel me! Great Job!

[@wilfredhather]

Can you do more videos on economics please?

[@Goal_90]

Wonderful video

[@digestivedunker2044]

I have to say, I do like The School of Life's economics videos. The are very informative and help break down complex issues into easily understandable chunks.

[@youmemeyou]

Ok

[@forschool1070]

😈😡

[@WinArtsy]

I learned everything here, its complete... Pretty benefitable.., thanks

[@semanticssimple2053]

inflation is not hard to understand, if only people would explain it simply and correctly. 1st rising prices is not inflation but rather a symptom of inflation. Government is not directly responsible for inflation but are certainly complicit. Ok pull a dollar out of your pocket and look at it. That dollar is really only worth 2 pennies. looks like a dollar, smells like a dollar even feels like a dollar, but its only 2 pennies maybe less. That is inflation, see it for what it is and begin to understand inflation. Your dollar only buys 2 cents worth of goods and services. That is the effect of inflation. Not an increase of prices but a decrease of your purchasing power. Purchasing power. Your ability to buy goods and services. You work and earn currency, so currency represent your blood sweat and tears and time. So if your being paid in currency that is really only worth 2% of its face value. 98% of your blood, sweat, tears and time is being stolen away from you. Why is there inflation you ask? Good question. Short answer, world governments have given a sole monopoly of creating a nations currency to a handful of private corporations. I will say that again, Private corporations. Your currency does not belong to your country. It belongs to private corporations. These private corporations increase currency supply there by making each and every other unit of currency worth a little less. Why would they do this? Short answer, they trade worthless currency that they created from nothing but debt for valuable resources. Please explain you say. Well ok. How would you like it if you had a printing press in your basement. After your morning coffee you went down stairs and printed x amount of currency. What would you buy? And lets not forget that the government gave you the sole right to go down in to your basement after your morning coffee and issue as much currency as you wanted, so you don't have to worry about the jack boots kicking in your door and throwing you in to a cage. You would realize that the currency you were printing was completely worthless but it could be used to buy anything you want. What would you want after you had bought everything you could possibly conceive of purchasing including the moon. CONTROL. They steal your purchasing power so you must spend more time earning currency. The more time you spend earning currency just to keep your head above water the less likely you will analyze the situation and say hey wait, this is criminal, immoral, unjust, despicable. What kind of parasitic degenerates would do this to other human beings? The increase of prices is to deflect and conceal their theft. When the cost of loaf of bread goes up who do you blame? The Whole seller, the retailer, the farmers? Some of you might go so far as to blame the government. Very few actually put the blame squarely where it belongs. Private corporations given a sole monopoly of creating a nations currency. "If the people of the nation understood our banking and monetary system, I believe there would be a revolution before tomorrow morning." Henry Ford Sr

[@coopsnz1]

democrats push up medium and small business costs , left a toast in Australia

[@Hassonn88]

Semantics Simple this was a very informative comment thanks 🙏

[@Robert-dt3is]

Thank god for Bitcoin

[@BB-tx8ty]

This ks why it's very important to hold assets like land, gold, silver, stocks increase with inflation but make sure to hold the best stocks possible as some companies will go bust so a company that will last

[@nicolasbernardini3413]

People talk a lot of shit about venezuela, but they have more billionaires there than anywhere else in the world

[@rh_mhmmd]

Best explanation so far

[@pronounsinmybio]

You know how everyone wants Morgan Freeman to narrate their lives? I want this guy.

[@pronounsinmybio]

Craig121000 I can't tell if you're being deliberately obtuse or just unfunny . . .

[@MikeOck88]

a

[@akemifujimori8400]

Tell me if I'm wrong guys, but it feels like this video shows very little openings in the end... I'm quite uninformed on the matter but it looks like one could've considered the question on a wider scale, not simply explaining what inflation is and literally conclude that we should live with it. The comparison to the weather doesn't seem right to me, we don't get to chose weather, whereas inflation is part of a system we can work on. What about the money creation system itself, which is certainly strongly linked with the existence of inflation? Anyway, still a nice and enlightening video, thanks School of Life for your great work in general!

[@bsim4431]

4:18 keynes was never an advocate for inflationary policies

[@GabrielWard2001]

Evidence?

[@thetruth3322]

Beautifully done, I appreciate and will pass as a subject to my kid. RK

[@kingsleyian3722]

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, both NFT, real estate and Crypto shares are really positively changing people's lives.

[@filipavalente5864]

Investing in crypto is very volatile and risky which is why most successful investors trade with professional brokers

[@scottabrown575]

The real risk in the Crypto market is the risk of not investing, not the risk of short term price volatility.

[@catherinenutter7072]

I have been investing in crypto but have had a bumpy ride. How can I reach your broker? I will appreciate any tip or pointers

[@augustinamooreen9288]

@Stjepan Dujmović Jp You're right! Investing in Crypto market isn't a myth. A few years back I felt it was impossible but here l am today...all l had was God and a dedicated broker.

[@debbygerrard9803]

Plan your trade and grow your crypto portfolio with Alexia's investment/trading services...she's one of the best when it comes to trading Cryptocurrencies.

[@DemiRonin]

Your videos are getting better

[@theoserr9331]

i'd like to congratulate you for a great video! you certainly made a brilliant clip on this one. it taught me things i have NEVER ever heard before in my life. all i ever thought before watching this clip is that the higher the purchasing power of the majority, the better the business and the growth of the nation's economy. it never occured to me that if everyone has the purchasing power of the same thing, that thing will increase its value (if the supply could not keep up with the demand) and thus purchasing power of the consumer class would have slightly diminish. that was such a great point! so thank you for that. however when you enumerate only 3 reasons for inflation, it seems that this clip is much more firstworld-centric in context. can you also give us your say about developing countries that went bankrupt due to say, corrupt dictatorship that resulted in a dramatic increase in inflation? it was a bit frustrating that it was not covered because it is quite a very important point as well. a dictator for example can increase the country's inflation overnight. it will steal a nation's public coffers and the whole nation's gold reserves, ship it out of that country and deposit it to tax havens and banks like those in switzerland, pitcairns, singapore and monaco. (result: countries like the philippines, or indonesia becomes a poor country overnight while singapore and switzerland happily become wealthier for accepting these ill-gotten wealth from the kleptocrats but this is another topic altogether)

[@mevaramgurjar1851]

This video is full of excellent information . Everything discussed in this video is very clear and very well explained for easy and better understanding . Thanks for taking your time to share such an amazing video with us

[@MalkuthEmperor]

It's a good video, but unfortunately it is missing one huge element of the big picture , hence why most of the video is good, but not its views on employers , or their " conclusion". Because in all of this video, as in many of their videos, they rather go along with the status quo, and always try to make the argument that whatever problem there exists, it is always inharent, and we kind of have to work around it or with it or something, but changing it is not really in the question. ( namely in regards to social issue, and this time in an economic one) And in this case they forgot to mention that Employers are the only ones who decide what the prices are, and the only ones to decide the salaries of workers who are at the same time consumers. ( only they have a problem that if the gouverment isnt completely corrupt, they can't lower the wages as much as they otherwise would have as is seen throughout history) And the factor that is " employers are insentivised by making profit" I don't need to say more for you to see how employers of massive corporations live, and how they control the market however they chose. I don't think " the school of life is unaware of this fact" , because they did infact talk about this, but they framed the issue as " oh the poor employers are just put in a position in which they have no choice but to raise prices". However, this is obviously not the case, and especially not for key players, who are infacts the ones who control the market for the rest of us. Just think of the fact that douring Covid,douring the hight of the world wide inflation, there were dozens or more CEOs on many news stations , fox, Cnn etc, who were litterally bragging about how they were making record breaking profits, some of whome had a 200% more profits than they did before the inflation. What does this tell us? This tells us that they were artificially jacking up their prices while at the same time keeping the salaries of their employees the same , or raising them less than they raised their prices. And obviously, with this kind of behaviour on the part of employers who have not only no consequences, but infacts record breaking profits, of course that they will enevitably create a bigger and bigger inflation. Watch Richard Woolf talk about inflation and it will be vary well explained why inflation is not just an unchangeable way of life.

[@RoriusMaximus]

Hi The School of Life! I love your work. What are your thoughts regarding inflation being inherently unfair and a burden on the poorest in society? Also do you think that the poorest in society should "just learn to live" with inflation, not to struggle against it?

[@chapstic593]

"they don't want to raise prices because they have to. " yes that sounds so believable. I believe you.

[@Thorvelt]

If the UK is experiencing a housing crisis, why would the government or the people be willing to accept a very large amount of migrants into the country when space is so limited and expensive?

[@katetranscribes]

I really appreciate how some issues you've discussed in the past (such as building permits in the "beautiful city" video) are coming up again.

[@EM-sz4hk]

I still don’t get it lol!

[@anutiwari2120]

Nice explanation. Especially I loved the graphics which made it easier to understand.

[@ketsan]

Do Austrian Economics!

[@kundi13]

Why?

[@bboynava1812]

@@kundi13 Because information is good.

[@janeb1738]

Very useful and easy to understand and catch up summarization

[@gya251]

Hello, I'm new to Biticon trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong

[@sanadamisaki9659]

@Egil Moen wow I'm amazed you mentioned Mrs Satina Bation

[@otiliacebanu8398]

@Uchida Mizuho Yes of course, I attend her online classes daily.

[@nakadamitsutoshi2330]

I invested $6,000 with Mrs Satina Bation and earned $33,000 in period of 3 weeks of trading with her.

[@marilynrush304]

I don't usually do reviews but earning more than ×3 of my monthly salary from Mrs Satina Bation trading account in just a week is overwhelming.

[@aimay374]

Anything which increases inflation is always an issue and must be avoided at all costs, whatever the short term.

[@jonaslundholm]

Do basic income! :)

[@graybeard4962]

Jonas Lundholm Yes, Basic Income would be very much in line with a 'humane' form of capitalism.

[@IRWBRW964]

Jonas Lundholm The problem is that there are so many different forms of applying basic income in practice. I have heard very different solutions from politicians both from the left and from the right.

[@jonaslundholm]

Westis96 I hear you, but does that mean The school of life can't do an episode on basic income?

[@michalzawadzki6662]

Gray Beard I don't think wealth redistribution, which necessarily entails stealing under the threat of incarceration (and, in case you want to defend yourself, death), is very humane. Would you steal money from a wealthy friend of yours in order to donate the money to save a person's life? Would you use public transport, eat cheap food, not use drugs (alcohol, caffeine, etc.), not go to parties, theatres, clubs, or restaurants, never pay to go on vacations, own a minimum amount of second hand clothes, etc. in order to use the saved money to help the poor? What is the minimum living standard above which you can expect to get stolen from by egalitarians and their forces? Is it being able to afford a babysitter, making $50,000, $100,000? What objective criteria are there to establish such limit? Do you not help the poor if you, say, work as a bartender for 3 years, save up some money and open your own pub, giving job to 10 other people? Do you not help them even more if you open a second bar, and then some more, giving jobs to 100 people? Should you give the money away or reinvest it in your business, creating more jobs and value for clients? Is it just not nice if you decide to reinvest, or is it evil? Is it OK to forcefully take a random, unwilling person's lung in order to save another person's life? Man, ethics are fascinating.

[@graybeard4962]

Michal Zawadzki Wealth redistribution through Statism is force but so is the accumulation of wealth through capitalism. Having a 'humane' capitalism is a bit like having 'humane' meat eaters, a contradiction at its core, but it's an improvement within the framework of continuing capitalism.

[@Sam-j6l9x]

Targeted inflation and excessive government inflation doubled the prices of homes and assets quickly. It has to stop. We can’t afford ten million dollar homes and 5 thousand dollar a month rent. Wages can’t keep up while doubling at these levels.