Bob and Jeff unravel the corrosive and nonsensical policy of “inflationism,” and consider its deep cultural effects. Read Jeff’s talk from the recent Ron Paul Institute conference: Mises.org/HAP360-1 00:00 Introduction 00:51 Inflationism 12:12 Unseen Costs of Inflation 18:21 An Economy Built on Consumption 26:59 Cultural Effect of Inflation 40:48 What if we’re Wrong?