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Milton Friedman - Understanding Inflation

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I saw "1974" on his paperwork on the table, so I used the inflation calculator with that year $12,000 ("a lot of money") in 1974 would be about the same as $76,835 today, which is why the dad in the video thought it would sound like "a lot of money" to the audience YIKES!
Comment from : @jdshultis

We still haven't figured it out 50 years later
Comment from : @HaydenGladstonePT

Amazing how people were dealing with the same issues as we are, five decades ago
Comment from : @isaiahlcarter1682

Please someone correct me, but banks can make money out of thin air as well now right? Lending money they don´t have? So its not only the government anymore
Comment from : @SuperGamli

These videoskeep'em comin'! Thank you!
Comment from : @alinucalinuc4124

All of it motivated by our ancient religious beliefs that everything was created from nothing other than mere wishes and whims of a benevolent omnipotent dear leader
Comment from : @gillesandfio8440

The Constitution requires that LEGAL TENDER be GOLD AND SILVER We can mine gold and silver, but we can't grow it They are finite in quantity Paper can be grown and isn't finite So the government can print as many bills they want Further, gold and silver is measured in troy ounces, which doesn't change But paper money can be assigned different values: $1, $2, $5, all the way to $100,000 So while government is limited in how much gold and silver money it can issue, there is no limit to the amount of paper dollars it can issue
Comment from : @jayejaycurry5485

Bitcoin is the answer
Comment from : @V305G

WERE TOLDAND WANTA BELIEVE"ITS A WONDERFIL LIFE"brBUTREALITY ISWERE HEADING TO POTTERVILLECOAST TO COAST
Comment from : @OttingDavid

ANDNOWTHE PYRAMIDIS ALMOST COMPLETEWHEN THE GREATEST FRAUDSINCE A PRIVATE COMPANYONLY FINANCING PROSPERITYbrIS EVOLVING TO A 100brMONOPOLYOF OWNERSHIPbr(AKA BLACKROCKETC)
Comment from : @OttingDavid

THE PROBLEMAS HE POINTS OUTIS THE CORRUPT NATURE OF OUR GOVT(WHICH REALLY ISNTWHEN OUR CURRENCYIS brPRIVATELY OWNEDFOR US TO FINANCE ITS INDEBTEDNESS:(
Comment from : @OttingDavid

The goat RIP
Comment from : @marcoathayde42

Bitcoin is the antidote
Comment from : @Sofa-King-Chill

with hindsight we can see his how destructive his philosophy is yet he's held in high esteem, the people are regarded
Comment from : @kaisahfx1246

Uncle Scrooge did a better job explaining inflation in less time
Comment from : @Charles3rddd

'California Gold-Rush' - the original crypto scam
Comment from : @vladimirofsvalbard9477

Obrigado
Comment from : @canaldoaalves

Huge aspect of the point,the very roof we require
Comment from : @ttttxxiii

It’s insanity that university students majoring in economics don’t know who this man is
Comment from : @Kunfucious577

Everything is related to supply and demand, however I never hear Friedman discuss the issue related to population growth and decline As the population grows the printing press needs to grow to account for the increased population, thereby increased demand What happens when the world’s population begins to decrease? It will inevitably reduce demand that’s when taxes and debt really become burdensome The only way the US population will increase is by encouraging immigration considering the birth rate is not enough to keep our population growing
Comment from : @resterAnonyme

He is a liar a well paid liar
Comment from : @sebastianbalbo1906

she made him his coffee they woulsdn’t show that now
Comment from : @tripsmarketinggroup

So, print money make inflation Stop printing money stop inflation Got it
Comment from : @Cutsman562

Excellent propaganda!
Comment from : @s00s

Friedman's political and economic theories and analyses are totally discredited! THEY FAILED!
Comment from : @RichardGraham-l6f

What a handsome guy!
Comment from : @sharegreats2157

Bitcoin fixes this Money is too important to be controlled by the government
Comment from : @Bryanbkk

I pay 800 a month for a 3 person home I could only imagine how great 80 dollars every 2 weeks could have been!
Comment from : @David-kg1hc

Sorry, Milton It is not “just that simple” Inflation also occurs when goods are in short supply, such as happened when the Arab states cut back on petroleum production Inflation in one country can also happen if another country has a stringer currency The residents in the country with the stronger currency can purchase more of a commodity, thereby driving down the supply and raising the cost(s) in other countries In neither case would the supply of money change
Comment from : @biotecchie

In fact this says nothing at all Simply producing money has no effect at all That money needs to be used somehow So the key is how this extra money enters the economy and produces higher prices
Comment from : @illuminateyourmind

Crocodile money represent 😊
Comment from : @qhudz_

Javier Milei likes this video
Comment from : @jack23973

They came for vanity
Comment from : @timothyproksch2915

Reading the comments on this site remind me of massive misinformation attempts by a small percentage of knuckle heads who work for foreign hostile governments that are jealous of the economy in the United States
Comment from : @edwardjnarrojr3135

Neoliberal Nonsense Propaganda Post Pandemic Global Inflation was caused by shutting down the global economy It had ZERO to do with US fiscal policy It defies common senses to suggest that the government of any one country could cause a Global Inflation Event Trump on the other hand has the most Inflationary agenda in US history and that also has nothing to do with fiscal policy Mass Deportations, and across the board tariffs will be the cause of the next national Inflation spike
Comment from : @KevinPeterson506

Inflation is the act of the vaule of the dloaar decreasing A well made suit in the 1700's was aworth an ounce of gold Todaya well made usit is worth an ounce of gold the value is the smae
Comment from : @viol8r007

12:39brbrI was excpecting Police to come in and arrest him 😅br
Comment from : @joaovmoliveira9903

😂😂😂😂😂
Comment from : @ERVINHAXHIAJ-l7w

I wish he were still around He'd fit with Trump like a glove
Comment from : @davelowe1977

Milton was brilliant he kept wages low for most of the workers and by those means kept inflation low, even though the majority of the people suffered Again, he was brilliant!
Comment from : @hafunland894

One thing that is misunderstood about inflation is people think that a certain president or government will 'bring prices down'brPrices in general do not go down The new higher price creates the new ceiling The question is just how much the new price will accelerate year on year
Comment from : @Nf00257

Capitalism in America today is eating itselfthanks to Private equity, foolery funds and the fleecing of public tax revenuethanks to the 1 GREED is a hell of a drug
Comment from : @AlvitaLozanoCreativeMindatWork

This is gold
Comment from : @Vakarissonic

Great
Comment from : @er4255

but we blame the left and the right cause that's what they want Confusion Class warfare
Comment from : @pusherbmx

2024 President Trump is a week in and he's already making a change
Comment from : @ARPorganics

How much does corporate greed and record profits cause inflation
Comment from : @xaniiu

Clearly says here, higher wages don’t create inflation, they rise because of inflation Isn’t that something!! The right will have you thinking otherwise
Comment from : @xaniiu

So funny that the people screaming Bidenomics have so conveniently forgotten who just gave lifetime tax cuts to businesses, cut your taxes and helped contribute to inflation It’s like it goes through the spin cycle of their brains before it’s allowed to be understood
Comment from : @xaniiu

This is Gold!🤣
Comment from : @ryanhammond4651

Except house prices? brHow is that??
Comment from : @cedricemmanuel2082

People are enabled to buy houses and products they can not afford due to greedy lenders; price doesn't hinder reckless consumers as long as their reckless lenders 40 increase of housing cost in a nutshell
Comment from : @SakariaSheikh-lm3ok

Haha
Comment from : @Tex_Track

The rich usually work just as hard as the poor for their money There should be no tax brackets Everyone should pay the same percent How is it fair that we all DON'T?
Comment from : @nichmon3221

IN MN, HOME PRICES DOUBLED BETWEEN 1974 AND 1978
Comment from : @miketracy9256

Excellent
Comment from : @jefff8130

Can you stop that easy the printer?
Comment from : @jakelamotta7904

This guy's family lived on 50 every two weeks for groceriesbrwonder what he would think about a full shopping cart costing 500 dollars now
Comment from : @iheartwheelies

People think that inflation is the increase in their expenses It's not Higher gas prices are a symptom of inflation, among other things Inflation in the increase in the money supply, not an increase in prices The printing of new money IS inflation - and that inflation causes higher prices Supposed experts get this wrong every day, and just confuse the people
Comment from : @JonFrumTheFirst

Trump 2024
Comment from : @tren380

2024 and this issue persists and the general public STILL doesn't get it How STUPID are most of us?
Comment from : @JeezWhiz1

Love the old school style
Comment from : @YaRight2986

When the population has increased spending money inflation will happen It’s basic economics and it’s still surprising to hear people talk about inflation like it just happen because the president said inflate the economy The spending public inflate the economy More people with more money
Comment from : @Froskru

Should be no tax at all, less govt If tax is a must, it should be flat and actually be less as you make more Welcome to the fiat experiment since 1971
Comment from : @PrimaryIgnition

Friedman became known since inflation started skyrocketing in the 1970s the funny thing is this super inflation was the tragic consequence of the application of Friedman's "finest theory" (demolition by Nixon of the keynesian system in 1971) Friedman pretended to be the "fireman", but he was the firebug
Comment from : @alr2428

In Australia the new gold is tobacco Thanks to the government People are making an absolute fortune from tobacco Thanks to the governmentdid I mention Thanks to the government
Comment from : @peterburke8650

When rebuild system?
Comment from : @wardoge

Now imagine the inflation in countries the US sanctions,welcome to our world!!!!!
Comment from : @kdzmatrrmat8068

And now we have Net Zero and the carbon tax Milton Friedman must be spinning in his grave
Comment from : @dcasteaux9181

I fucking hate governments
Comment from : @LiberalTearsAreGlorious

Printing text on paper doesn't cause anything People who change their pricing cause so-called inflation
Comment from : @ayeflippum

stupid
Comment from : @AnberThe

Wait a minute, the government said 25 CPI, so SS increase 25, lolbrMy Congressman told me go fish for your dinner, I eat the bait, so no fish today
Comment from : @barbt9211

We’re not at the end but I pay $60 a week just me minimum
Comment from : @tommycahill7080

I just wanna know why we have to pay taxes when they can just print money…
Comment from : @everyneed3959

12:23 How my kids touch everything
Comment from : @thomasdemaio53

Inflation appears every generation Inflation happens when corporations want more of your money The money always gets sucked up to the top within 5 years and everyone at the bottom can’t afford and the economy stalls out and no one knows why
Comment from : @ryaj2356

I'm watching this 10/23/24 I've been telling people exactly what he says at 11:56-12:09 It's really sad when I hear otherwise intelligent people, who have taken econ classes, eg, Macroecon 101, say things like "Greedflation", "price gouging", etc are the causes of inflation Or, "Inflation is very complex" It's not complex, it's the overprinting of money This has been known since the first societies and empires started using currency
Comment from : @valdivia1234567

Crawford lives in a mansion as a blue collar worker lol
Comment from : @nathanwitwer

When innumerable idiots start doing same thing, looses value But how come price rise?
Comment from : @mahadesharya6975

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten I have $100k that i like to invest in a non-retirement account, any advice on that?
Comment from : @DonaldMark-ne7se

House prices are based on medium household incomes 50 year's ago, housing cost' doubled because of wives going to work, not building cost' Realtors have ruined this country
Comment from : @lindseywalker6925

There's a sighting of the grim reaper @ 3:23 He's got no face and wearing his tobacco harvest uniform, so it's easy to miss him
Comment from : @RiteMoEquations