I love the related videos I'm seeing on this: "Slippery Slope of the US Economy", "US Economy unsustainable; former Comptroller General talk", "McCain: US Economy is Fundamentally Strong".

One of these duckies is not like the others, one of these duckies is not the same...

It always bugs me when people state as a fact that inflation is driven by rising prices (as is stated in the first 16 seconds of this film). Cause and effect are inverted there. Inflation is an increase in money supply. More money chasing the same amount of goods leads to increasing prices. There are, of course, still localized variations in the cost of goods relative to others, such as a recent increase of the prices of food and oil relative to, say, consumer electronics. It's important to know the distinction between rises in prices caused by variation of supply and demand and rises caused by increasing money supply.

Hmm, I thought inflation, or the inflation rate at least, was generally defined as the representation of the change in prices of a basket of goods by such indexes as the Consumer Price Index (or whatever it is in the US). So an increase in the money supply whether through credit creation or through directly printing money or otherwise would cause a fall in the real value of a fixed amount of money and as such inflation, but is not directly inflation itself by definition.

Moving this video to RedSky's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

*beg

Sending this video to Beggar's Canyon to plea for a little attention - beg requested by original submitter RedSky.