One Shocking Graph to Understand the Current Economy | Prof. Murphey

Dr. Robert P. Murphy is an Austrian School economist, Research Fellow at the Independent Institute, and Senior Fellow at the Mises Institute.
Being the author of multiple books, from Lessons for the Young Economist to The Politically Incorrect Guide to Capitalism, Dr. Murphy does not hold back with his economic and political discussions. He continues to highlight his views in his other book, Choice: Cooperation, Enterprise, and Human Interaction, which is a modern distillation on the school of Austrian economics.

In this clip, he explains current price increases and inflation and the role of the federal reserve in it.

Recorded at Maggiano’s Little Italy in Orlando, Florida, on May 14, 2022. Check out the full talk here:

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  1. Inflation was once defined as monetary expansion which had various effects, higher general prices was just one. Higher asset prices, overproduction, misallocation if resources, the signaling effects of prices lose its meaning, etc. Inflation redistributes and concentrates real wealth and political power. Central banking is socialism realized, the middle class loses as the wealthy disproportionately benefit. The centralization of money and credit must end.

  2. Hedge funds and Private Equity firms are a cancer to our economies. Their financial philosophies have proven to be incredibly damaging to global markets (stock, crypto AND real estate). We never fixed the issue of wealth hoarding, now we have a situation on our hands where they are trying to buy the world, or at least the most crucial aspects of it (to society).

    Outlaw Hedge Funds and Private Equity firms, reinstate Glass-Steagall, repeal Citizens United, criminalize lobbying. This cannot be sustained, you cannot subdue the American populace to this degree. We’ll fight back harder than you can imagine.

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