2024 Inflation Explained

Inflation in the United States is at about 7%. How did it get there? What does this mean for our economy and our wallets?

[peterponcedeleon]

Here is the definition of inflation. Inflation is simply adding more money to the current money supply. That’s it. Now a natural consequence of adding more money to the current money supply are rising prices, or preventing prices from falling. Creating inflation is neither good or bad. But creating inflation does have a consequence. pick up at 1960s Webster’s dictionary and you will find that same exact definition. It’s the Keynesians and the academics who twisted this very basic concept of inflation.

[clarestucki]

The original and still the only real definition of "inflation" was, "Raising the ratio of the amount of money in circulation to the amount of goods and services (GDP). Sometime in the decade of the 60's, we foolishly let that definition morph into being synonymous with 'rising prices'.

[urban_coyote]

"Uncomfortably large national debt"... That's putting it lightly

[myleswelnetz]

We’ve had this problem since LONG before 2024.

[miketracy]

How did borrowing an extra 5 trillion dollars since 2020 not create inflation?

[dboy]

Pretty good but leaves out the significance of the government passing spending laws or Executive Orders, which cause the Treasury Dept to sell bonds to the Fed through big banks, then the Fed creates it.

[Sandlin]

Explain if forgiving school loans will effect inflation. I certainly hear both sides making different claims.

[billmitchell]

It was the recognition by the producers of goods, that the stimulus money was delivered to people who spend every nickel they have. If individuals would save, this would drive prices down.

[Finness]

An awful LOT of countries, all over the world, are not taking loans from the IMF anymore. Could you do a video explaining how this affects America's income.

[dp]

Are you saying the fiscal policy has no effect on inflation. Deficit spending and government deficits don’t matter as long as the federal reserve is able to properly compensate and adjust the money supply to that spending? If that is the case why does anyone care about the deficit and why doesn’t the government provide every citizen with an unlimited amount of money so they can spend it as they wish?

[kryptoblogger]

But how they are going to pay their debt if Debt vs GDP is 130%? They spend more than they make. They have to print money or am I wrong?

[motorcyclemike]

Why 2% inflation rate? Why not let prices stay the same?

[dynamics]

WOwww this is awesome. enjoyed watching :) thanks for sharing., , .

[MrMath]

If the inflation over the last year is, say 10%, a rough figure perhaps, why can't I force the IRS to tax me on $90 for every $100 I earn, and claim the rest from the Feds?

[arianneduc]

is there a financial crisis this 2023?

[dwoods]

Strange that the Fed stopped reporting the money supply on a daily basis just before the money printing and inflation. Also, if the government wasn’t spending beyond receipts the printing would not be necessary. The value of the USD has been eroding for years and will continue to do so. Inflation is not going away. Stagflation is what lies ahead. Also the loss of world reserve status which will make the US the poorest nation overnight.

[Schizachyrium_Scoparium]

Gotta love how so many of the videos about inflation always start with a video of a hands on way to fix the problem 😂

[justinpatrick]

2 years later still fucked and getting worse…

[jasonlende]

If you look up the value of the dollar from 1950 to know. You might see something

[Nobunaga]

Feels like this is a lot of word play and doesn’t answer anything