posted ago by Mad_King_Kalak ago by Mad_King_Kalak +3 / -0

This is an hour and twenty minute podcast that give a great explanation, starting at a ground level, for those interesting in understanding the causes and results of inflation. The short version, is that it's always the government's fault, and it's caused by an expansion of the money supply - Jimmy Akin's Mysterious world: https://sqpn.com/2022/03/the-mystery-of-inflation-pocketbook-pain/

There are also those who say 2-3% inflation is a good thing, because we are a debtor society. The average rate of inflation for the past 100 years has been about 2.5%. Then again, what cost you $1 in 1921 would cost you $15.40 today, and that's not so good. The short version of this argument is that the interest rate should exceed the rate of inflation, but we have 2-3% interest rates and 8%+ inflation, which is not a good situation.

Here is a podcast where the man who came up with the "Taylor Rule" which, if it was followed by central banks, would at least give us stability and that 2-3% inflation rate. Econtalk interview of John Taylor: https://www.econtalk.org/john-taylor-on-inflation-the-fed-and-the-taylor-rule/

Finally here is the great website, Shadow States - Inflation calculated the old way before they removed energy and housing to hide the true extent of inflation...and it's closer to 15% http://www.shadowstats.com/alternate_data/inflation-charts