#inflation #hyperinflation #Fed #jacksonhole #CPI #ecb #QE #bankofengland
Video chapters:
00:00 Introduction
01:36 Message about Livestream
02:00 The classical definition of inflation
05:22 Ludwig von Mises and the Crack-Up Boom or Hyperinflation
13:39 Anecdotal evidence that the public is waking up to hyperinflation
16:26 Jay Powell's testimony to congressman Warren Davidson in February of 2021
18:05 Andrew Bailey interviews of November 2021 and August 2022
19:50 Jay Powell's Jackson Hole speech of 2021
22:14 Conclusion
Today we will look at why the chairman of the Federal Reserve is, in my opinion, a dove disguised as a hawk and why all central bankers have got inflation wrong.
Our conclusion is that we are in for rough economic and monetary times and a very high probability of a hyperinflationary collapse or a crack-up boom as Ludwig von Mises also called it.
Jay Powell's 2021 Jackson Hole speech: https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm
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