December 7, 2022
Keith discusses what inflation really is, why price increases are a side effect, and how the Federal Reserve has been the source of the problem since 1913. The limited authority delegated by the U.S. Constitution to the general government on money is covered, along with a history overview of money, the Fed, the U.S. adoption and drop of the gold standard, and how we got here.
Links Referenced in the Show:
Definition of Inflation
https://mises.org/library/defining-inflation
The Fed’s About page
https://www.federalreserve.gov/faqs/about-the-fed.htm
Money, Banking, and the Federal Reserve
https://mises.org/library/money-banking-and-federal-reserve-0
The Roots of the Federal Reserve – Murray Rothbard
https://mises.org/library/roots-federal-reserve
How the Fed Works (3 min read)
https://www.masterclass.com/articles/federal-reserve-explained
Fiat and Gold: Two Fixes for a Broken US Monetary Base
https://mises.org/wire/fiat-and-gold-two-fixes-broken-us-monetary-base
Fed’s Inflation Rate Forecast Skills
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20211215.htm
About Rebel Civics
Hosted by Keith Bessette, Rebel Civics covers the principles of society and government, the ideas upon which America was founded, the history of the development of these principles, and current events in relation to them. Rebel (n): A person who is disobedient to unjust authority and stands up for fundamental principles, despite conventions and the opinions of others.
