Today, inflation and prices are soaring. We know that Federal Reserve monetary policy is the cause. But why didn’t something similar happen after the 2008 financial crash?
Bob Murphy and professor Ross McKitrick discuss the government policies, Fed actions, and banking movements that lead up to the 2008 crisis, and why the current economic situation is different.
Ross McKitrick on inflation then versus now: https://Mises.org/HAP-McKitrick
Bob explains how Keynesians missed the latest bout of price inflation: https://Mises.org/HAP347-Murphy
Bob’s book Understanding Money Mechanics: https://Mises.org/Mechanics
00:00 Introduction
00:56 Inflation: 2008 vs Now
12:03 What The Fed Did in 2008
19:38 How Gov’t Policies Played into the 2008 Financial Crisis
24:40 Investment Banks and the 2008 Crash
31:27 Predicting Inflation
40:47 Money Supply: 2008 vs Now
48:01 Why Prices are Rising Now
