Are We At War? Inflation vs Deflation - with Jeff Deist

3 years ago
94

Jason Hartman interviews Jeff Deist, President of the Mises Institute and former advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. Are we in the midst of a battle between inflationary and deflationary pressures? How can we wake up Americans and help them understand the express policy of their own government to harm them?

0:00 Introduction
1:20 This enormous amount of money, both on the fiscal side with Congress and the monetary side with the central bank, has given us a false sense of security
3:09 The Fed and Congress have probably bought some time by giving people enhanced unemployment benefits and by passing out these PPP loans, but can this go on indefinitely?
4:11 The government is really creating inflation by forcing private businesses to compete with enhanced government perks due to the pandemic
4:49 What's so difficult to predict or understand about this is that there's two twin opposing forces at work here - inflation vs deflation
7:30 It doesn't matter how much money or credit you pump into the economy, that doesn't create new Ford F150s, that just creates more money
9:22 I don't think that the Fed nor the treasury are going to be able to contain inflation in the 2020s at the consumer price level the way they have been since the '08 crash
11:29 As long as the rest of the world is as or more profligate than the US dollar and US bonds, US Treasuries continue to look good by comparison
13:23 We need to get back to normal and get government off our backs a little bit without any huge income tax increases by the Biden administration
14:17 We need to wake up more Americans to this express policy of their own government to harm them
17:25 Better and higher productivity is what drives the economy, but so much of what government and central banks do is designed to thwart this
18:26 We are in a war between inflation and deflation. Who will win the battle?
18:58 If you look at where prices are rising, where things have become unaffordable - education, insurance, health care - they're in all the areas where government is most involved
23:07 We now know that private equity funds and a lot of other players are snapping up rental real estate
25:18 Tell our listeners and viewers about any resources you have to offer that can teach people out there in the world, in the marketplace, how this stuff really works, and how important it is to understand it
26:50 Even before COVID, the Fed stopped tapering with the repo surprise in the fall of 2018

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#inflation #federalbank #deflation #inflationvsdeflation #unitedstateseconomy

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