The Mystery of Inflation (Pocketbook Pain!)

MYS199: Listeners have noticed that when Jimmy Akin mentions how much something cost in the past, he says it’s due to “inflation the government has caused.” Now he and Dom Bettinelli are going to explain why he says that, what inflation is, why it happens, and why Jimmy says the government is responsible. Get all new episodes automatically and for free: Follow by Email | Watch this episode and subscribe on YouTube Help us continue to offer Jimmy Akin’s Mysterious World. Won’t you make a pledge at SQPN.com/give today? Links for this episode: * Thomas Sowell’s book Basic Economics * Milton Friedman’s book Free to Choose * Robert Graves’s book I, Claudius * Robert Graves’s book Claudius the God and His Wife Messalina * BBC I, Claudius series * Milton Friedman How to Cure Inflation (video) * 2010 Keynes vs Hayek rap battle * “The Country’s in the Very Best of Hands” (Li’l Abner video) * Federal Reserve * Inflation * Deflation * Hyperinflation * Weimar Hyperinflation (article) * Weimar Hyperinflation (video) * Loss Aversion * Historical US Inflation Calculator * Population Decline * Moore’s Law * Headline Inflation * Core Inflation * How the Federal Reserve Creates Money * Frederic Mishkin’s piece Headline Versus Core Inflation * James Bullard’s piece Measuring Core Inflation: The Core Is Rotten * Asia Times on Housing Cost Underestimate * Shadow Stats * Please spread the word about the podcast. Leave us a review on Apple Podcasts! * Purchase the books and other material from this and other episodes at the Mysterious World Bookstore. * Join the conversation at the Starquest Facebook page and the Jimmy Akin’s Mysterious Wo...