Milton Friedman Speaks: Money and Inflation (B1230)

Milton Friedman Speaks: Money and Inflation (B1230) - Full Video

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8 жыл бұрын

Inflation is blamed on many things. But it has only one cause: It is a monetary phenomenon. Inflation occurs when the quantity of money increases faster than the quantity of goods. Why does the money supply increase? Very often, it does so to enable the government to pay its bills without raising taxes. There's only one real cure for inflation. It is a cure that's easy to describe but difficult to apply: The government must reduce spending and print less money. The alternatives are both recession and double-digit inflation. Recorded at University of San Diego & San Diego Chamber of Commerce ©1978 / 1:26:03.
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Пікірлер: 286

@PhillipeNover 3 жыл бұрын

Everyone wasting their time watching the left and the right duke it out on CNN and Fox news. People need to educate themselves watching videos like this. Old Uncle Mitlon is a beast of a lecturer. This is real education here. 🔥🔥🔥

@vicccey1345 3 жыл бұрын

agreed....but as friedman has said the educational system isn't up to par.....you need to have some intellectual basis beforehand and an open mind to truly grasp his ideas

@pacmanlp8876 3 жыл бұрын

I live in Argentina who took road of free lunch, public spent and socialism long time ago. Our inflation rate is 3000% over the past 10 years. We facing a major economy breakdown every decade too. Our poverty is +50% and rising. Im 45 and already experienced 3 hiperinflations and two social uprisings (the 3rd is coming soon). Never, never take the free lunch socialist road. It has hell at the end.

@bright7522 10 ай бұрын

The one thing I love most about Friedman is that unshakable cheeky look on his face - it’s like he’s doing econ-stand up

@m_8313 6 ай бұрын

This is a time jewel that must be preserved to protect future generations from government mismanagement

@vizzo6742 4 жыл бұрын

I can watch Uncle Milty whole day and still can't get enough of him.

@nickcurran3105 4 жыл бұрын

Me too!!

@techmail7129 4 жыл бұрын

Me three

@anishbachu4001 4 жыл бұрын

It's uncle Millie, not Milty

@Revolution-tl5wo 3 жыл бұрын

Fuck Friedman, Hayek, the Mont Pellerin Society, the Chicago Boys, and the entire failed neoliberal project- and fuck all the deluded sociopaths still buying into it. Wake up already. IT DIDN'T WORK.

@carolking7748 3 жыл бұрын

To control inflation we need to control de Money Supply. At the year 2013 was discovered The Progressive Growth of Money Supply Principle, which say you how much the Money Supply must growth, i.e., the quantity of money that markets needs: kzfaq.info/get/bejne/n897pZCalZiWnY0.html Once the Fractional Reserve Banking is forbidden, if the Central Bank increases the money supply by an amount equal to the sum of interest generated by the financial system during the preceding period, the market interest rate will be the natural interest (Wicksell) and we won't have bubbles (tulips, gold, stocks, etc.) and crisis. Thanks to the Progressive Growth of the Money Supply Principle we know today that it is impossible to return to the Gold Standard. The Principle will force Central Banks to change de monetary policies.

@MichaelDrabik 4 жыл бұрын

Get ready for high inflation again in the US

@KyrosQuickfist 4 жыл бұрын

Ah the days where "Unfunded Liabilities" was only 3 trillion.

@nedhill1242 Жыл бұрын

This man’s wisdom is more relevant today than ever! He wouldn’t know whether to laugh or cry if he saw where we are today. Must see TV are the episodes of Phil Donahue with Milton. His protégé has become quite the force of nature as well, Thomas Sowell.

@kimobrien. Жыл бұрын

Capitalist greed is the cause of inflation.

@Frontslash123 Жыл бұрын

@@kimobrien. you didn't listen to a word of this, did you Kim?

@williamparker1085 Жыл бұрын

YOU NEED HELP IF YOU TRULY BELIEVE THAT

@ivancampbell8123 Жыл бұрын

So by the government increasing the money supply automatically is = to higher prices on goods that does not make any sense

@ivancampbell8123 Жыл бұрын

@@Frontslash123 The money supply alone cannot cause inflation if there is no impact on the value of the currency he always blalmes goverment never the private sector

@Discovery_and_Change 11 ай бұрын

0:56 Begins 17:08 3 reasons why we have inflation and why it's a threat: #1 to pay for government expenses 18:03 Real tax is what the government spends 18:35 Inflation is a tax 19:51 Bills are receipts on taxes you've paid. Bills are tax receipts. 20:53 When you "deposit" in a bank, they loan your money 21:20 Think of it as printing money 21:46 Inflation raises other taxes without people having to vote 21:58 You might think if prices go up by 10% and your pay goes up 10% you're even, but you might pay more if you reach higher tax bracket 23:15 Government repudiates its debt. Debt gets smaller as % of national income. Their deficits are financed by inflation. 26:04 Creation of money to finance government expenditures 26:30 When unemployment creeped up, government spent and printed more 27:39 From 1929 to 1933 the quantity of money decreased by 1/3rd (Great Depression) 28:38 Trade unions aren't responsible for inflation. Higher wages are a result of inflation, not a cause of it 29:44 Before 1971 inflation could be exported/imported 32:25 Productivity is important to raising standard of living, but lowers inflation 33:25 The determinant of inflation is the quantity of money 37:30 During past 30 years, inflation paid off mortgages and government debt 37:58 Inflation causes great prosperity and great distress 39:40 Unemployment is not a cure for inflation, but it's a side effect of the cure 40:41 Slow growth and high unemployment to slow inflation 41:49 When demand goes up everywhere, although you may be selling/profiting more (if you own a business), you'll also have to pay more everywhere else, (so you aren't really better off in terms of purchasing power) 42:22 More money takes about 5 to 6 months for people to save and spend, then another 12 to 18 months for inflation results 46:44 Government indexes its own salaries but not the taxes imposed on citizens 47:44 High inflation will lead to high unemployment. Wage and price control (fixation) is supposed to inflate, not fix (though it's promoted as a fix) 50:38 Since 1960, up and down with inflation, but keeps getting higher progressively 53:50 Increased money supply increases inflation 54:30 We've paid the price of stopping inflation but haven't gotten the benefits, because government continues printing once inflation starts to slow 55:08 We don't have good options anymore (either get a recession or have super high inflation) 57:28 Inflation is a disease 58:27 Questions begin

@pedromarques2084 3 жыл бұрын

To all skeptics, this guy predicted the recession in 1980,its so subtle and yet so amazing

@christopherarmstrong2710 5 жыл бұрын

Brilliant, as always from Friedman. He made Economics cool, so much intellectual swagger this man had.

@evanlowney4466 4 жыл бұрын

He certainly had swagger. He certainly made economics cool. Do you want to discuss what the "Chicago School"'s idiocy has done to this country from the standpoint of practical reality and actual effect? In my opinion, it's several hundred thousand folks a year thinking the way you do that have given complete and utter control of, essentially, everything, to the federal reserve institutions this man claims to rail against. Do you want a list of folks who "make some good points" whose behavior also actively enriches those who are clear enemies of those populations they claim to represent? (He demonizes Jesse Jackson elsewhere while constructively doing the exact same thing). This man uses a lot of "illustrative" examples about sugar beets and tariffs involving sums on the order of cents, amounts that affected persons' personal well being on the order of tenths of percents while ignoring stealing of the exact same nature occurring in the credit markets during the time that he was prolific and "an authority," yet mysteriously based upon the exact same premises and principles, yet somehow he failed to fashion a hypothetical involving sums that would have actually affected quality of life. Weird. Everything this man said from, like, 1980 or thereabouts forward, i.e, after he "wised up," was fake news and a "spin job" on what data might actually reveal about the interplay between monetary policy and the underlying fundamental presumption of all economic theory, i.e. that "rational actors" were ever a real thing (as defined in economic terms) and are actually a creature extant in significant numbers sufficient to warrant reliance upon mathematical modeling in this regard, well, I think this gentleman died about two years prior to being outed as either a fraud,or, at the very minimum, one who should have done more diligence with respect to the quality of their underlying assumptions.

@evanlowney4466 4 жыл бұрын

@@marketsareopenmao Wrong. Without Friedman, clarity of thought is possible.

@evanlowney4466 4 жыл бұрын

I mean, I hope you're not suggesting that he's brilliant merely by pointing out how inflation works. See below. Yep, the gov't doesn't take responsibility for inflation, but neither does he take responsibility for espousing anarchy, which has actually resulted (and with government's help, no less).

@nickcurran3105 4 жыл бұрын

Swagger, but not arrogance. Remarkable

@upstateNYfinest 4 жыл бұрын

Made me love economics, declared it as my double major @ school and I am going to start readin economics literature this summdr

@KietHuynh-zg9gt 4 жыл бұрын

On virus pandemic - Covid 19. Uncle Milton's videos are great time investment.

@UllahMohd 4 жыл бұрын

Can you pls give me a few links?

@michaelmcdonald4442 4 жыл бұрын

@@UllahMohd seach, free to choose KZfaq. His interview with the communist phil Donahue is awesome.

@funkled5273 4 жыл бұрын

Capitalism and Freedom, on my Kindle I carry it everywhere. I can't get enough of the genius of Milton Friedman.

@garethmorris299 4 жыл бұрын

Funkle D The great parliamentarian Enoch Powell even espoused the economic truisms before Milton but Milton received the Nobel prize but I believe Milton did write and acknowledge Enoch Powell’s input Enoch spoke 14 languages brilliant man much misrepresented by gutter press and people

@garethmorris299 4 жыл бұрын

Enoch Powell said exactly same as Friedman here namely ‘only government causes inflation ‘

@zarathustra6712 3 жыл бұрын

This man was a genius.

@natebergey 4 жыл бұрын

Who else is here to find out what is about to happen to the US dollar?

@MCJOHNSON95 4 жыл бұрын

Maybe get yourself a little bitcoin

@MIKESTREED 3 жыл бұрын

Robert Osborn yes, when foreign countries decide to stop paying their debts in dollars back, or commodities like oil stop trading in dollars. Both of which our military is there to prevent.

@zedzed5276 3 жыл бұрын

you don't need to run your monetary policy competently, you just need to be a little bit better than everyone else.

@WisdomThroughGod 3 жыл бұрын

@@Fx_- or, as a matter Gov't will have spent so much that inflation will be insane and other countries will ditch the U.S Dollar as their benchmark

@WisdomThroughGod 3 жыл бұрын

@@MIKESTREED when you say foreign countries pay their debt. Do you mean debt to U.S companies or debt to U.S Gov't? Or both? Elaborate please (for ex. Why do foreign countries owe the U.S Gov't?)

@robrophside3691 4 жыл бұрын

It's a great time to watch this video.

@lukemccann 3 жыл бұрын

1:03:47 - The suit and swag on this absolute legend

@MrKarolWlodarczyk 3 жыл бұрын

Oh the irony, I've got a Paul Krugman class advert in front of Milton Friedman talk :)

@mplsridah 4 жыл бұрын

Well spoken and executed! I'm non partisan and I don't usually agree with his philosophy, but Mr. Friedman is probably my top 5 American intellectuals to ever set foot on earth

@ojaskadu 4 жыл бұрын

The real explanation for money printer go brrrr

@25Soupy 3 жыл бұрын

1:06:00: of the video: I was 10 years old when this video came out and we never received and "economic education" in school then or now.

@UllahMohd 4 жыл бұрын

Economics is like a cheesecake, if you listen to Milton Friedman! What a legend!

@amanpshigh 4 жыл бұрын

Absolute gem of a talk and still relevant years after it was held

@fusion9619 3 жыл бұрын

So... The ultimate cure is for money to be separated from government.

@michaelgibson9595 4 жыл бұрын

If the government doesn't stop with the current Covid 19 spending bills we will be hurting for some time.

@excellenceinanimation960 4 жыл бұрын

YES!! It's going to hurt us big time!!

@harrythornton7217 4 жыл бұрын

We're already feeling the good effects now, businesses can get through short term losses, wages subsidised (up to 80% in the UK I don't know where you are from). Then we get through the lockdown, businesses start reopening and trade resumes, but the downturns are coming unfortunately. One problem after another.

@hvachero1 3 жыл бұрын

Its a plandemic scamdemic

@RodrigoMendes-bd3bp 3 жыл бұрын

It's been just half of the video and I'm already full of new good things to recall before the video ends.

@PointnShootMovies 4 жыл бұрын

He throws down some good ass zingers and gets no laughs. What a shame.

@BigBen866 4 жыл бұрын

“Governments don’t learn because Government never learn!” Milton Friedman and Billy Graham were two of our most influential “Philosophers” of the 20th Century! I’m glad I lived to experience both of them🙏🤔

@tecnolover2642 3 жыл бұрын

Friedman is sharp but he was always dancing on eggshells carefully avoiding putting the blame where it fully belongs because he knew and feared to do it for his life and career. He came close a few times in his career. An hour long talk on inflation and not one mention of the crime of fractional reserve banking? It is the mechanism by which money is multiplied! Wow...just wow...

@jeffwelker8114 4 жыл бұрын

We've not had another Milton as of yet ! Damn we miss this guy !

@WJack97224 5 жыл бұрын

Notice the duplicity of the state educators in Michigan and California/corrupotifornia. Both states had balanced budget bills that were defeated because the educators opposed them. Educators are supposed to be teaching ethics and morality and setting examples and yet they sided with the "Dark Side" that opposed economic honesty.

@mrniceguy7168 4 жыл бұрын

Teachers Unions are probably the biggest threat to America’s future. The only thing saving us is are skilled immigrants who are the smartest of their countries, if were being honest. The average American is getting a shit education and being taught that the system is out to get them.

@juronin6636 3 жыл бұрын

Why am I watching this today? Please someone tell me...

@Stockavelli 6 ай бұрын

It's insane how resonant this is today, considering this video is dated 1978

@techmail7129 4 жыл бұрын

How can anyone give this man a thumbs down 🤔

@michaelflamingsword3131 4 жыл бұрын

That are the 1% Capitalist Cronies. Now you know it too. Yw.

@ItsAllAboutGuitar 3 жыл бұрын

Still holds true today, I understood it twenty years ago, but most of the population has learned nothing.

@25Soupy 3 жыл бұрын

1979 everyone in the audience is wearing suites and ties. Today, it's dirty jeans and t-shirt.

@siggiAg86 Жыл бұрын

Imagine Friedman in 2023 with the huge balance sheet of the FED and too much money in the system.

@yankchef4067 3 жыл бұрын

Inflation is a government phenomenon

@zarathustra6712 3 жыл бұрын

When he spoke everyone listens.

@thegeneralist7527 4 жыл бұрын

He was a true financial genius.

@stevenraystandley9783 4 жыл бұрын

We need more people him in our society.

@desireisfundamental 4 жыл бұрын

Poor guy probably is turning in his grave now.

@billyte1265 4 жыл бұрын

What year was this speech made in? Oh it was 1977 based on what he said at 51:55 "1976, last year"

@devran4169 4 жыл бұрын

Ladies and gentlemen, I must say that, "Never, never, ever go under the debt which you can't pay." Burak Ş. :)

@juliiazubkova7284 Жыл бұрын

so many topics hit on that affect us today and is still supremely relevant.

@ynkybomber 4 жыл бұрын

56:57 he never counted on the dumbing down of the citizens

@DaDitka 3 жыл бұрын

If this is the case, and I think one could be made, then Friedman made the same error that our founders likely made. They may have assumed that future generations would remain as informed and be able to critically think as well as they did. Sadly, this is not the case, generally speaking.

@macevans1246 4 жыл бұрын

It's a shame that there are only 53,000 views of this video four years after it was posted... I particularly enjoyed his thoughts @ 46:11

@John-sx3mp 4 жыл бұрын

I so wish that I could smile like he does when he reasons. I just can't.

@realbobbyaxel 4 жыл бұрын

John I have thought about that too Lol

@ynkybomber 4 жыл бұрын

13:25 would love to see these charts for today

@tntramzy12 3 жыл бұрын

I'm making my own. M2 vs inflation in Excell is easy

@BazzokaJoke 11 ай бұрын

Brilliant words from a brilliant man.

@Bigbert724 3 жыл бұрын

I wonder what he would say today???

@kostaskf1 4 жыл бұрын

46:52

@niyaziugur 11 ай бұрын

in case of this video has been watched 1 million times, there are hope for a good economy in the world

@D84D 8 ай бұрын

1978 the US National Debt was $778 billion. We are currently at $33 Trillion.

@tylertarbet492 4 жыл бұрын

What do you all think Milton would think of the FEDs actions during this pandemic?

@pedrogomez3462 3 жыл бұрын

My thoughts exactly. He is saying never have we seen an increase in money supply without inflation. If that’s the case what would he say about 3 trillion that was just printed? Granted we are seeing it in asset prices. But not how I think he defines inflation. Such as CPI

@RealLifeMoney 3 жыл бұрын

Seems like he was talking about it the whole time cause it’s typical to see government printing and spending more so inflation seems to be inevitable

@hvachero1 3 жыл бұрын

he would say there is no pandemic its a plandemic scamdemic

@mrniceguy7168 4 жыл бұрын

It’s funny listening to these things from the late 70s knowing Reagan would be elected a year or two from then. Friedman’s point about people finally waking up to what is going on was realized in that short period of time.

@OlivePittsOnDesk 3 жыл бұрын

I can't understand why there is no inflation now.

@B-SHupp3 Жыл бұрын

It amazes me how time transcends information democratization! I agree with many others who have pensively commented previously.

@lutharshad 11 ай бұрын

Marvelous video

@crimson6172 3 жыл бұрын

47:17 LOL that is awesome.

@perriannesimkhovitch1127 11 ай бұрын

Thanks for ghostly message in the small town from the hereafter dealing with the environment

@zinghiway 4 жыл бұрын

Does anyone knows in what year this speech was made?

@holj319 6 ай бұрын

estas charlas son oro

@3LEV888 Жыл бұрын

Wow. This rings true today.

@alsamuef 4 жыл бұрын

How political correctness was born: "The way to solve things is by making politically profitable for the wrong people to do the right thing"

@jeffwelker8114 4 жыл бұрын

Brilliant, now I know that in current era of crazy Bernie this material is a hard pill to swallow !!!

@johnkeller9738 4 жыл бұрын

Breathe slightly easier that Bernie bowed out of the presidential nomination race. That said, we still have real problems ahead with hyper inflation if government spending is not reduced to balance, let alone pay off some debt.

@manueljoaquincerezodelaroc4497 3 жыл бұрын

Well Bernie is only saying to prioritize spending, as why continue to spend almost 1 trillion a year in the military. No body questions that spending you know.

@Xhanthan 3 жыл бұрын

Is deflation then an anti-tax?

@basedscotsman8142 3 жыл бұрын

Quantative Easing

@firstlast3507 4 жыл бұрын

With gold has the foundation non of this can happen. A true gold standard.

@mikepatterson57 3 жыл бұрын

Thats why they got rid of it!

@franciscomassa9701 3 жыл бұрын

Great video!

@dragonhold4 4 жыл бұрын

Employment < - Inflation - > Government Spending When it increases, it's because of spending; when it decreases, it's because of productivity.

@willnitschke Жыл бұрын

It's unfortunate thousands aren't watching this now.

@sherryie2 11 ай бұрын

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

@pm6341 3 жыл бұрын

The voice of the questioner at 1:10:14 sounds like Obama.

@Alexithymiander 3 жыл бұрын

59:30 a most important systemic principle. Same logic that keeps bad actors within Bitcoin from being malicious. It's more profitable to contribute computational power towards the mining process than it is to engage in an attack on the consensus.

@deraktienfan911 11 ай бұрын

So someone know the Year from this speech ?

@tntramzy12 3 жыл бұрын

The prophet

@MrBradysteve 5 жыл бұрын

Why has inflation been so low the past decade or so?

@realbuzzgrant 5 жыл бұрын

Globalization of trade. China opening its doors to participate in world economy along with other large economies creates lower costs jurisdictions for goods (and sometimes services) that are available for wealthy western economies to import.

@SmartWentCrazy. 4 жыл бұрын

Exponential productivity growth is my best guess

@santiagos4290 4 жыл бұрын

I believe the FED manages the supply of money according to the demand of money (bank loans etc). There is also asset inflation (stocks etc), other than monetary inflation. (something along those lines)

@jensmoller6999 4 жыл бұрын

The rate is in such way manipulated /calculated that it shows a lower number...if it would be measured the way tjey did in tze 60s 70s it would be much higher

@johnkeller9738 4 жыл бұрын

"Low inflation" is a complete myth in 2020. The prices of several products including school tuition, medical bills, insurance, automobiles, housing, food, stocks, and so many other items and services are exponentially more expensive in dollars. The extreme rise in debt with more currency created than production causes real high inflation in 2020. Oil glut and technological progressive items like computers are the few exceptions at this time. The USA now has $30 trillion of current debt with easily over $100 trillion in future obligations. A balanced budget let alone paying off some debt would help but is clearly not politically expedient in government. Oh, and that is just Federal problems; states and cities are at least struggling with budgets at best to drowning in debt with more future debt. The majority of the world follows debt laden inflation as well often worse than the USA. In short, we have a lot of work to stop hyper inflation in reality.

@MadnSad 4 жыл бұрын

I wish the publisher had mentioned when this lecture was delivered. By listening to the whole lecture I gathered it was delivered in 1979. Any discussion on inflation (or any economic trend) is meaningless if we cannot place it in time. Assuming this lecture was delivered in 1979, Prof Friedman was prophetic. In the following 4 years inflation did rise to double digits. But judging from 2019 vantage point, US had an average inflation rate of 2.14 percent over a period of 22 years. The constant story I read is that most world governments are struggling to get the rate up, rather than down. What could have the professor said about this long period of low inflation (and, continuing economic woes)?

@supermanwithsilvergun4679 4 жыл бұрын

He says the year at about 51:50. It's 1977

@dmetalii 4 жыл бұрын

Good question. Have you found an answer? I'm curious.

@keshou4404 4 жыл бұрын

Only surprise matters!

@user-le1qp4nc8p 11 ай бұрын

Is that Peter Schiff at the 17:48 mark?

@tuna2169 4 жыл бұрын

what date

@grzzlynne5623 4 жыл бұрын

1977

@Growmechanic 3 жыл бұрын

Money is gold and silver. He refers too fiat currency.

@aarohivijh 7 ай бұрын

Write your reps and senators folks. Write them.

@howardhill3395 4 жыл бұрын

As I understand it, the govt finances its deficit with treasury bonds. So in a sense treasury bonds are the claim on future production ,

@kipperedbeef2084 4 жыл бұрын

It's spending on t bonds. Deficit by taxes

@joerobert1801 Жыл бұрын

The right investment can get you ahead in no time.Determining the best stocks to buy isn't an easy task, investors must first understand what they want out of their investment portfolio.. the right stocks can make anyone wealthy.

@adriansebastian9063 9 ай бұрын

I don't believe that people who invented that many things being creative and inventive so much they can't invent system which will satisfy all of us. Its just greediness and commonness of people.

@gameflicks5847 Жыл бұрын

1:23:54

@liper13 5 жыл бұрын

Is deflation a problem as well? It seems like it would be better. Your money would be worth more, no?

@SmartWentCrazy. 4 жыл бұрын

Not really.. A growing economy and GDP needs monetary growth ie a larger quantity of money in order to keep prices stable, remember money and economics is not a zero sum game, a new hit song creates a new service/good creates a new demand which must be met with society having a wee bit more money to spread around there to the artist and the artists affiliates in a sense anyway. Deflation is rare because a Government will never - somewhat understandably - sit back and not artificially raise spending (monetary stimulus). Is Deflation "better", well if you are 50+ yrs old and have a large bank account, but if you are an entrepreneur trying to make a new service or good, then no, because saving money is too attractive to those with money because it doesnt even need interest its buying power is simply growing with time.

@stefanc8068 4 жыл бұрын

Deflation is bad. Here’s one reason. The consumer puts off spending , because they hope prices to be even cheaper in the near future. And so there’s less consumption of goods and services, therefore businesses suffer and lay workers off. And so , now there’s a mass of unemployed, these don’t have the disposable income to consumer g+s, therefore there’s even less consumption in the economy, deflation gets worse , consumers put their spending off even more etc etc

@respair1385 4 жыл бұрын

The great depression happened precisely because of deflation. The prices will go down to a point that firms can no longer profit which leads to bankruptcy or cutting work force which then leads to unemployment and poverty. Neither inflation nor deflation are good.

@rogueartist2008 4 жыл бұрын

The issue isn't whether inflation or deflation is better, but how rapidly the onset of either one is allowed to occur in relation to the amount of goods and services available in a particular economy. Inflation and deflation in extremes completely stall an economy because the price structure becomes unstable. In your particular case... Deflation does make your money worth more, but in a case of extreme deflation, nobody spends because they will be richer tomorrow if they hold their money today. If nobody spends, the economy stalls.

@mplsridah 4 жыл бұрын

Are you seriously asking if deflation is bad?

@saltypretzelcb5411 3 жыл бұрын

Our inflation rate has been around 2% since 2004 , so isn’t that a good thing when this was produced in 1978 the inflation rate was above 8% before it ramped up then trended downwards and we’ve been around 2% for over 15 years ?

@khalilfuller4939 Жыл бұрын

Based on 38:31 it looks like a 2:50 ratio between females to male in that conference room

@9400jfm 6 ай бұрын

21:26

@deputydrip4520 11 ай бұрын

The highest earning county even after all of these years is still in in Virginia and is described as a “Suburb of Washington DC”. Although now it is Loudoun instead of Fairfax.

@khalilfuller4939 Жыл бұрын

I know I didn’t just see smoke in the air inside a building let alone a room lol

@stacy1606 10 ай бұрын

1:19

@reasonablyserious 4 жыл бұрын

What year is this?

@Bartolucci711 4 жыл бұрын

Rees-Mogg for PM circa 77-78 I think. He recorded these lectures with the intention to use them for his Free To Choose program but later decided against it.