Chapter
The Quantity Theory of Money, Inflation, and the Fed's Control
41:25 - 52:18 (10:53)
The Fed is hesitant to accept the quantity theory of money as it would make them appear responsible for inflation. Even if the money supply was managed better, the effects would still take some time to go through the system, and handling the distribution of funds during difficult economic times remains a challenge.
Clips
All cases of sustained inflation in the world have been caused by a preceding increase in the money supply.
41:25 - 44:16 (02:50)
Summary
All cases of sustained inflation in the world have been caused by a preceding increase in the money supply. The issue of increasing the money supply without causing inflation is discussed.
ChapterThe Quantity Theory of Money, Inflation, and the Fed's Control
EpisodeWhy Does Fighting Inflation Have to Hurt So Much?
PodcastThe Problem With Jon Stewart
The Federal Reserve is against the quantity theory of money because it would make them the bad guys for causing inflation.
44:16 - 48:07 (03:51)
Summary
The Federal Reserve is against the quantity theory of money because it would make them the bad guys for causing inflation. By not looking at the money supply and reducing spending, inflation can be avoided without needing to sell bonds to the Fed or the general public.
ChapterThe Quantity Theory of Money, Inflation, and the Fed's Control
EpisodeWhy Does Fighting Inflation Have to Hurt So Much?
PodcastThe Problem With Jon Stewart
The podcast discusses the 12-18 month period it will take to control the economy and the idea of going sector to sector and having some corporate cooperation that can ease us into a smarter monetary policy.
48:07 - 50:34 (02:27)
Summary
The podcast discusses the 12-18 month period it will take to control the economy and the idea of going sector to sector and having some corporate cooperation that can ease us into a smarter monetary policy. It also talks about the distortions created in the economy due to Fed's actions.
ChapterThe Quantity Theory of Money, Inflation, and the Fed's Control
EpisodeWhy Does Fighting Inflation Have to Hurt So Much?
PodcastThe Problem With Jon Stewart
The government's constant interference with subsidy and tax policies implies that the economy cannot operate freely.
50:34 - 52:18 (01:43)
Summary
The government's constant interference with subsidy and tax policies implies that the economy cannot operate freely. By manipulating one dial, there will be ripple effects that can disrupt other aspects of the economy.