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Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money

Bob seeks to explain why the Fed’s extraordinary monetary inflation following the 2008 financial crisis didn’t result in $5/gallon gasoline, while the Fed’s extraordinary monetary inflation following the 2020 coronavirus panic did. Mentioned in the Episode and Other Links of Interest: Bob’s newspaper op ed laying out his explanation. Bob’s blog post summarizing what happened…

Ep. 217 Murphy Critiques MMT TED Talk

Bob provides a running refutation of Stephanie Kelton’s recent TED talk on Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: Stephanie Kelton’s TED Talk. Bob’s review of Kelton’s book explaining MMT. Kelton’s intro to MMT, The Deficit Myth. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) Bob’s…

Ep. 175 David Andolfatto Defends the Fed

Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview. David Andolfatto critiques Ron Paul’s argument against the…

Ep. 136 MMT Follow-up: A Framework for Money, Inflation, and Debt

As a follow-up to his discussion on MMT with Rohan Grey (in ep. 130), Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt. Specifically, Bob will explain why he thinks it’s far more important to know how the government finances a deficit rather than knowing what it spends…