Understanding Inflation: Why Prices Rise and the Impact It Has on Your Wallet

Dr. Peterson and Peter Schiff break down the concept of inflation and its effects on the cost of living. They explore how prices can increase even when they were expected to go down, leading to higher expenses for consumers.

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[xpscsuc]

Inflation is often used to describe the impact of rising oil or food prices on the economy.

[vikramchatterjee]

Thank you Dr. Peterson and Mr. Schiff for helping the rest of us understand what's going on with society.

[Imstarshine]

Inflation kind of reminds me of that scene in The Simpsons where the bully keeps hitting another kid using the kids own arm while saying "stop hitting yourself".

[Gruuvin]

Home prices have tripled in 10 years but income has barely moved in 10 years. This means our power to purchase a home has dropped to one third of what it was 10 years ago. Furthermore, counties used to assess home values at about 80% market value and tax your property based on that assessed value. Now counties are assessing homes at 10% or more than market values and taxing at over 1%. This means that an average home that was $200k 10 years ago, is now being valued at $650k and taxed $7k per year. You think you own your home? Try not paying your property taxes.
GOVERNMENT IS CORRUPT!

[JeDxDeVu]

Please do more on the Money Theory. I think it’s so important for people to understand what money is. Nobody goes deeper and as philosophical on the topic than Robert Breedlove. Got to have him in 😊

[joeschmoe]

I'm 42 and when I was in elementary school we were taught that inflation was caused by the govt printing money. I always assumed everyone knew that, but now I keep hearing people say that it's war or whatever. I know shortages cause higher prices, but I don't think we ever referred to that as inflation in the past.

[nelsonsanabria]

It low-key is a hidden tax. That's exactly what it is. Great way to articulate that, Mr. Peterson.

[erikwurgler]

Please interview Dr. Thomas Sowell, while he’s still with us. He’s the bedrock of many peoples’ modern view of economics, public policy, and the governments “good intentions.”

[calebdoner]

The only justification for borrowing excessively from the future is if you plan to scuttle the boat anyway.

[bloodwillrunthestreets]

The answer to any question involving the devaluation of your money is The Government.

[davidking]

Inflation should be referred to as devaluation of fiat currency.

[fred]

This discussion does provide the basics on inflation and is comprehensible enough for any lay person. But Schiff's last assertion is incorrect; people won't move to escape inflation. Most will stay and experience the destruction of their accumulated savings.

[Skrx]

You're cost of living isn't up 5%. Production cost is up 5%, then passed to the consumer at whatever price reflection the producer thinks is appropriate. The average consumer is eating price hikes in basic essentials of upwards 50%. Groceries are a very good example. That 5% isn't flat either, the compounding cost trickles down into anything dollar associated.

[chaptertravels]

Inflation is the most regressive tax we have and both the Democrats and Republicans love

[Imstarshine]

The very strange thing with inflation is this:. Things where I'm from become expensive due to energy prices. As a result, people have less money to spend. But, because prices have gone up, they naturally have to pay more to get the things they used to get for less. Government says, "oh no, people are spending too much. Let's put up inflation". As a result people have to spend even more to get things. Government says, "oh no, people are spending to much, let's put up inflation". Again people have to spend more. And so on it goes!

[coreyworthingtonii]

You don’t buy assets with the intention of thinking that the ‘value will to up’; you buy assets *knowing* that the dollar’s purchasing power will go down.

[dennisbohner]

The National Debt is reduced in value when inflation occurs. If they are paying 3% and the inflation rate is 4%, the nation wins.

[dapv]

Wow. That is a clever way to break it down.

[juliejackman]

Interesting..my Parents bought their house in a city just outside of Salt Lake City for 15, 000 back in 1970. Houses in this city now sell for 600, 000 - millions. There's also a housing shortage on buying. We rent and our rent went up 30 percent last August. The amount something rents for is just shocking.

[BusinessWolf]

The more easily consumable and wide spread information is, the better everything will get