Inflation is a Crime. YOU’RE the Victim.
Channel: Foundation for Economic Education
Date: 2022-03-10

After two years of “flattening the curve”, America’s pandemic response has resulted in the flattening of wallets. An unprecedented amount of money printing has sent prices skyrocketing, and Americans trying to get their lives “back to normal” are experiencing anything but. 

Surprisingly, Amazon’s new “Reacher” series can teach us a lot about our inflationary woes. 

At the end of the day, the counterfeiting criminals in Reacher are nearly indistinguishable from the Federal Reserve pumping our financial system full of fiat fakery. In both situations, everyone’s money has less value because more dollars are chasing the same amount of goods and services. Let’s break it down further on this feature episode of Out of Frame.
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CREDITS:
Written by Jen Maffessanti & Sean W. Malone
Produced by Sean W. Malone
Edited by Michael Ozias
Asst. Edited by Soukaina Akdim
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LINKS:

– Inflation –
https://www.wsj.com/articles/wsj-poll-biden-inflation-voters-11638897374
https://www.bls.gov/cpi/
https://www.cnbc.com/2022/02/10/inflation-eroded-pay-by-1point7percent-over-the-past-year.html
https://www.wsj.com/articles/inflation-disproportionately-hurts-the-poor-11624207206
https://fee.org/articles/3-ways-rising-price-inflation-hurts-everyday-americans/
https://tradingeconomics.com/united-states/inflation-cpi
https://www.usnews.com/news/economy/articles/2022-02-22/consumer-confidence-ticks-down-in-february-on-inflation-fears
https://www.nbcnews.com/business/business-news/whats-causing-inflation-economists-point-fingers-different-culprits-rcna16156
https://techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021/
https://commons.wikimedia.org/wiki/File:Supply-demand-right-shift-demand.svg#/media/File:Supply-demand-right-shift-demand.svg

– Venezuela –
https://www.cnbc.com/2019/08/02/venezuela-inflation-at-10-million-percent-its-time-for-shock-therapy.html
https://www.aljazeera.com/economy/2021/10/1/venezuela-introduces-new-currency-drops-six-zeros
https://en.wikipedia.org/wiki/Hyperinflation_in_Venezuela

– The Great Debasement – 
https://en.wikipedia.org/wiki/The_Great_Debasement
https://www.jstor.org/stable/2593065
https://www.tcd.ie/Economics/assets/pdf/SER/1997/Catherine_Downey.pdf

– Counterfeiting –
https://www.fox4now.com/news/local-news/man-sentenced-to-federal-prison-for-using-counterfeit-money
https://www.washingtonpost.com/nation/2021/09/17/virginia-woman-sentenced-counterfeit-coupon-scam/
https://www.mysuncoast.com/2021/05/25/counterfeiter-cant-stop-now-hes-headed-back-prison/

– Money Supply & Diminishing Marginal Return –
https://image.cnbcfm.com/api/v1/image/106649548-1596642770437-20200805_m2_money_supply_percent_change_year_earlier.png?v=1
https://www.reuters.com/business/economists-eye-surging-money-supply-inflation-fears-mount-2021-06-17/
https://economics21.org/americas-ballooning-money-supply
https://www.investopedia.com/terms/l/lawofdiminishingmarginalreturn.asp

– CPI & Interest Rates –
https://www.nytimes.com/2022/02/10/business/economy/inflation-cpi-january-2022.html
https://www.investopedia.com/producer-price-inflation-rises-in-january-2022-5219109
https://www.reuters.com/business/fed-raise-rates-three-times-this-year-tame-unruly-inflation-2022-01-20/

– We Set The Economy On Fire (2020 economic prediction) –
https://youtu.be/Cpvm8ZKfKh0