Understanding Inflation: Why Prices Rise and the Impact It Has on Your Wallet
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- čas přidán 9. 06. 2023
- Dr. Peterson and Peter Schiff break down the concept of inflation and its effects on the cost of living. They explore how prices can increase even when they were expected to go down, leading to higher expenses for consumers.
Watch the full episode here: Ep. 353 - • Economic Storms are Ga...
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Inflation is often used to describe the impact of rising oil or food prices on the economy.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
Thank you Dr. Peterson and Mr. Schiff for helping the rest of us understand what's going on with society.
Inflation kind of reminds me of that scene in The Simpsons where the bully keeps hitting another kid using the kids own arm while saying "stop hitting yourself".
Please do more on the Money Theory. I think it’s so important for people to understand what money is. Nobody goes deeper and as philosophical on the topic than Robert Breedlove. Got to have him in 😊
For sure 👍
Home prices have tripled in 10 years but income has barely moved in 10 years. This means our power to purchase a home has dropped to one third of what it was 10 years ago. Furthermore, counties used to assess home values at about 80% market value and tax your property based on that assessed value. Now counties are assessing homes at 10% or more than market values and taxing at over 1%. This means that an average home that was $200k 10 years ago, is now being valued at $650k and taxed $7k per year. You think you own your home? Try not paying your property taxes.
GOVERNMENT IS CORRUPT!
One reason counties are assessing home values above market values is because it forces taxes so high that people sell to foreigners (who will vote democrat) ... or they default on taxes and counties auction off the properties for dirt cheap to foreign investors. See how this works? The government is for sale to corrupt business.
I'm 42 and when I was in elementary school we were taught that inflation was caused by the govt printing money. I always assumed everyone knew that, but now I keep hearing people say that it's war or whatever. I know shortages cause higher prices, but I don't think we ever referred to that as inflation in the past.
I am 67 - government printing money usually comes after something else happens. Almost every other country in the world has "socialized medicine". You pay more in taxes, but there are no deductibles, no health care premiums, no employer is paying 50 or more % of your health care insurance. The benefits to the economy by not having that drag on it would be substantial. Is it perfect - no. But is it better if 100 people are using one MRI machine, or 20 people are using 5 MRI machines...... This is the same argument for people who want a flat tax - less bureaucracy, easier to manage, less people involved. But ask someone who is for a flat tax if they want socialized medicine and they will go ballistic. Real Capitalism works on supply and demand - but companies have learned how to manipulate supply and demand. Do you need to pay for 500 TV channels when you only watch 10? Do you need a $1000 smart phone when a $200 one will do fine. Do you need a $50,000 SUV to go to the grocery store when a $20,000 car will do?
Great discussion!
It low-key is a hidden tax. That's exactly what it is. Great way to articulate that, Mr. Peterson.
Very important stuff
The only justification for borrowing excessively from the future is if you plan to scuttle the boat anyway.
If you steal from the present you will likely be hung from a lamp post by the people you steal from. Steal from the future it's an all you can eat buffet free from any reprecussions.
Or if you won't be on it when it sinks. Let's have a look at the ages of those running the ship...
The answer to any question involving the devaluation of your money is The Government.
Interesting..my Parents bought their house in a city just outside of Salt Lake City for 15,000 back in 1970. Houses in this city now sell for 600,000 - millions. There's also a housing shortage on buying. We rent and our rent went up 30 percent last August. The amount something rents for is just shocking.
I see the possibility of population control being a factor. If this generation has kids as the same rate of the 1987-1995 births, it would put a tremendous stress on a lot of factors in the US
@@Striker50_a lot less people are gonna be having kids, have you not seen the statistics on how many men are lonely?
Please interview Dr. Thomas Sowell, while he’s still with us. He’s the bedrock of many peoples’ modern view of economics, public policy, and the governments “good intentions.”
From what I've heard he won't do such interviews anymore, unfortunately. Man's had a long career so it's understandable
@@SepticFuddy I saw that too. He gave up on the media and academics long ago lol
done.
Thats truth. And gold,
The more easily consumable and wide spread information is, the better everything will get
Inflation should be referred to as devaluation of fiat currency.
It was. "Inflation" used to describe the expansion of the money supply. When a government prints more money, it *inflates* the currency. Much like how blowing up a balloon makes the balloon look bigger, without actually making any more balloon. At some point in the 20th-century, the definition changed to mean the rise of prices & commodities.
@@Pan_Z that is purposeful. The change was made because when the government would raise inflation and devaluate the currency, the people that are affected could tell who is to blame. When you remove that and only focus on the rise of prices and commodities for example, it is less clear who is at fault.
The very strange thing with inflation is this:. Things where I'm from become expensive due to energy prices. As a result, people have less money to spend. But, because prices have gone up, they naturally have to pay more to get the things they used to get for less. Government says, "oh no, people are spending too much. Let's put up inflation". As a result people have to spend even more to get things. Government says, "oh no, people are spending to much, let's put up inflation". Again people have to spend more. And so on it goes!
not sure this really happens
@@robertofilipe8605 what's the "this" you're not sure of?
You're cost of living isn't up 5%. Production cost is up 5%, then passed to the consumer at whatever price reflection the producer thinks is appropriate. The average consumer is eating price hikes in basic essentials of upwards 50%. Groceries are a very good example. That 5% isn't flat either, the compounding cost trickles down into anything dollar associated.
Well "production cost" is a very wide term. Are we talking per unit sold, or are we talking rent? Or raises in salaries? Not to mention the cause is rarely ever exclusively the government's fault.
@@Google_Censored_Commenter True, I'm using production in the context of goods. The cost of an apple from a tree would be up 5%, if there wasn't attached cost to delivering the apple also increasing by 5%. The compound cost goes to the consumer, who sees outrageous price hikes in the grocery store.
This discussion does provide the basics on inflation and is comprehensible enough for any lay person. But Schiff's last assertion is incorrect; people won't move to escape inflation. Most will stay and experience the destruction of their accumulated savings.
Where do you think all the illegal immigration is coming from? Countries that have already tanked their economies with false promises. See the great Venezuelan exodus...
Wow. That is a clever way to break it down.
Making more products at less cost? => Ephemeralisation (see Buckminster Fuller, inventor of the geodesic dome).
I just learned the term bedevilled 😊
Use it in a paragraph
You don’t buy assets with the intention of thinking that the ‘value will to up’; you buy assets *knowing* that the dollar’s purchasing power will go down.
Inflation is the most regressive tax we have and both the Democrats and Republicans love it!!!!!
He mentioned Social Security being a bill with no benefit, which I couldn't agree with more. Money in your youth is multiplicative to your wealth throughout life. How can you justify taking money from a young family (which will leave them poorer throughout life) to give to someone who had 50 years to save for retirement?
More like market inefficient systems that work perfectly.
👍
The National Debt is reduced in value when inflation occurs. If they are paying 3% and the inflation rate is 4%, the nation wins.
The government wins, while the nation and the debtors suffer. FTFY
Printing money causes inflation. Printing more money means more inflation because when you print money, value of money decreases.
Look at the brain on this one
@@SoarLong I know man thank you. My mommy always said that i was special.
Technically, printing money IS inflation, even if prices go down. Inflation isn't price increase, it's the actual increase in the money supply. When production outpaces inflation, prices will actually tend to decrease even though the currency is still inflating. They just won't decrease as much as they would if the printing weren't taking place.
Guy has a gold bar for a ring on his finger very nice
Mises was right.
2:07 half, Jordan. A half.
Like 30% spend a third, and like 65% spend a half.
We are making history .
In the good old days people could buy a comfortable house for $15,000. But the asking prices kept going up and up, as the sellers wanted the highest amount of money that other citizens could pay.
Now some people buy a house for $500,000, and sell the same house for $700,000, and think "nothing of it ... until their own offspring go to buy a house and can't afford it.
Then these citizens blame the "government" for causing inflation.
Don't blame others for your offspring's inability to earn.
@@fluke196cI blame greed as the cause of inflation ... and that puts the onus on the citizens ... not the governing bodies.
Would you rather blame a Prime Minister, or a President for causing the inflation?
@@junevandermark952 selling your house for whatever the market will pay is not greed.
If you say you will effectively give away $100,000,s for free, Im going to call you a liar.
Well, if you KNEW that I paid $200,000 less than what I was asking for my house, wouldn't you at least believe that I was causing the inflation ... not the government?
Yeah thats the pressure of many factors causing inflation and what the housing market commands and will bear. I tell you what, if you own a house set an example when you go to sell it, sell it for 15 grand.
Redefining inflation is something that INGSOC would do.
DOWN WITH BIG BROTHER!!!
When is Silver going to break record high Peter? 🥈
It's not even future genreations leaving..if you're in you 50's now and have any money put aside, lots of people are quietly looking to leave the USA and Europe for less expensive countries to work the last few years then retire.
won't even be able to afford to leave...
Thats the secret of this system we live in, you get rich by receiving the new money first. When you take on debt, the debt is basically new money because thats how new money is created.
Inflation comes from government spending on its own needs then taxing the people to pay for it. In spending on its own needs, almost every elected representative has voted to support projects that benefit those personally who in turn voted to support their own special needs. Money flows to NGOs, to defense contractors, drug companies, unions and etc and in return donations and boondoggles and etc flow back to politicians. Politicians are involved in a huge ripoff of the taxpayer. Inflation arises because nothing of value goes to society as politicians line their pockets leaving an expansion of currency without expansion of societal value. Individual spending is always deflationary because individuals seek the greatest value from earnings to expand standard of living. It is individuals who prove the worth of innovation through their spending. Innovation is always a faster, better or cheaper means of doing something over prior alternatives. Individual spending is always the driver of innovation, government never.
Well said. Those politicians don't ever really raise our taxes to pay for these items, instead, they create inflation ie. printing of money which devalues our currency and no one is the wiser. If they were to tax us directly to pay for their financial crimes, we would know it and wouldn't put up with it.
Just imagine if they directly stated that they were going to increase our income taxes by 5% this year because they recklessly spent our money. If they were honest, that's what they would try to do.
I think that is why people describe this inflation as a hidden tax.
1/3 lmao more like 2/3-3/4 on housing. They rest on food. Cant get anywhere as a wagie
The entire planet has this right now and the majority of the extra cash is going to corporate profits but what I don’t get is why these CZcamsrs and influencers are blaming tax? Why you protecting the rich ?
Darn shame JP cut him off just as he was about to name more reliable sources of information about inflation
Is this about the USA? Or Canada?
Or the rest of the world.
Everybody's tied to the petrodollar
@@SepticFuddy Check out what the W.H.O. is up to for a while now. - insanity
inflation is not a "tax"... it is a tool to prevent upward mobility. they say it is so prices don't go up and out of control, which is one way to look at it, but another way to look at it is, its a way to prevent people from earning in parity for their work or effort. Essentially it is to keep the piece of the pie large for owners and small for workers. It is a systematic justification for the accumulation of wealth.
Taxes are also tools to prevent upward mobility. It's still a tax. Regulations are another such tool.
Inflation is an indirect tax because the government pays for anything it wants and we have to foot the bill later by paying increased costs.
They especially tax the euro-dollar holders!
If you have euros etfs and stock are extra taxed and all overpriced.
Keep them hands off my eddies!
Inflation is a product.
Absolutely!!!!!
Why do I believe cash is useful
Great topic. Thank you Jordan 👍🏻👏🏻✝️❤️
10:00 why do you want your grandkids to pay for your luxury now, they are supposed to look out for you in your old age.
"Why wait until I'm old when I can take it from them NOW and then take it again when I'm old??"
Remember when western cultures thought it worthwhile to spend centuries building a single cathedral for your descendants to benefit from? Yeah, the "death of God" sure did us a lot of good...
Who would've imagined that printing billions and billions of dollars to try and eradicate the sniffles would lead to inflation?
TO INFLATE IS A VERB INFLATION IS DELIBERATE NOT SOME RESULT OF NATURAL ECONOMIC FREE ENTERPRISE ALL BY ITSELF.
" WE WILL CRUSH THE MIDDLE CLASS BETWEEN THE MILLSTONES OF INFLATION AND TAXATION "------------- VLADIMIR LENIN.
hmm I don't like how Schiff keeps dodging the questions. You can't answer a question about "who is a valid source of stats when you are calling the government stats untrustworthy," with "well it's obvious if you know what inflation is." Immediately raised a lot of flags for me, this person...
It's not an answerable question, at least in the way that Peterson intended. Economics cannot be calculated. There are far too many details and variables that cannot be acquired or accounted for. By the time you gather up all the ones you consider to be "good enough," which are in reality insufficient and imprecise anyway, the conditions have already changed and the calculations are out of date. Mises explains this in his works. Occasionally, simple, theoretical calculations can be helpful to demonstrate certain concepts and mechanisms, but they cannot accurately depict what is taking place in an economy.
The only way prices can be calculated is by distributing the calculation to each individual buyer and seller without interference from an outside authority (like government). Value is subjective and each person will have their own willing price for any given good or service based on what it's worth to them.
Schiff's reference to "knowing what inflation is" is the correct response. Inflation is not the increase in prices, but the increase in the supply of currency. Therefore, the true rate of inflation is simply how fast the Treasury and Federal Reserve/central bank system "print" currency in proportion to what already exists. If that rate of inflation is less than the rate of increase in economic production over a given period, prices will actually tend to fall despite that the currency is still inflating. They will just fall slower than they otherwise would. Most of the time, of course, prices rise instead. Politicians have used that fact to muddy the definition of "inflation" to their own advantage, so that they can better hide just how much they are actually inflating the currency supply. Schiff explains that in the video, briefly.
Ownership costs much less. You pay the principal and the the interest and you own it. If you rent your throwing away your money 💰. You will never own it.
Protect Mr. Peterson at all cost!
Paying taxes is not legitimate, look up Sherry Peel Jackson
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@@Anthony79504 Fucking bots.
SCAMMER
If you create something it belongs to you.
you talk about "your money" when its the government or whatever entity belonging to the state that is the creator or issuer of the money, including your national ID that ties in with working for that money, using the ID the gov issued and trading currency issued by the gov in return for your labour means you only have the privilege's of using the currency the gov allows you to use,
hence
EVERYTHING YOU DO THROUGH THE NATIONAL NAME [YOUR NATIONAL ID] BELONGS TO THE GOV.
HENCE THE TAX.
NOT TO MENTION THAT MONEY IS FUNDEMENTALLY A PROMISE. THATS ALL IT IS.
Paper isn't money; it's debt. Real money is gold and silver.
Taxation is ....
"Render unto caesar"
"Render unto God"
Tax is being charged for the use of property belonging to another.
ID, money. Exchange, property. Labour, progenitor.
A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.
Hence "citizenship" duties privileges obligations...the ID. The money.
Synonyms: impost, tribute, contribution, duty, toll, rate etc...
There's a whole mindfxck with how the system works because it's based on reality, but only artificial and a mirror of what is real.
And that's you, exchanging your labour for use of money issued by gov...that's where the value comes from, making a promise, that's what money is, promises and faith...but you're also commiting fraud and being charged for it by claiming the National ID/ citizenship as being yours that you did not create Even believing you're it. Which is not the reality.
Paper, gold silver, bread, all inanimate things...that you give value to by labouring for them.
😩 There's alot more to say because these concepts are very subtle
@Juglans Regia All is God's so that Christian argument doesn't work.
@@allenellsworth5799 exactly what God are you referring to?
Read your tax codes. Here in America you as a governmental federal employee, corporate entity or illegal alien have to pay taxes. We the people do not.
Where is that stated?
Schiff always shirks simple direct questions. At 6:36 name a good estimate of inflation. He either can not, or will not name one.
Genuine question: how does inflation benefit those in debt?
Inflates the debt away
Well if you inflate the USD enough, the dollar and country collapses and then we have better things to worry about rather than your debt to the bank, yeah?
@@SoarLong in theory, what if the debt was inflated away in a managed way and inequality was reduced. Economic collapse would be avoided and we could start a new cycle.
@@larsboobies615Why would you want to have people pulling strings like that
@@SoarLong erm because our level of debt is completely unsustainable.
Stuffed shirts...
When the recession hits and everyone loses their heads, selling gold, I'll be there to get rid of my dollars and secure my wealth. If course by then I'll still have to work, but just pay me in ammo.
That's not how it works, bud. When the recession hits, the value of the dollar drops and they become harder to get rid of. People panic buy gold hoping to conserve whatever value is lest in those dollars. You're getting the worst possible deal by doing this after the recession hits.
The people selling gold after a recession are the ones confident that the dollar will bounce back afterward; hence, why they are trading gold for dollars, at a premium thanks to panic demand. If you're looking at wages in ammo, you're not talking about an expectation of the dollar bouncing back. You're talking about an impending collapse, which is when your trade strategy will be least viable.
@@SepticFuddythis
So governments benefit from inflation as their take on sales taxes, Vat, Gst type taxes will increase 😳 but then we come with the pitchforks
The whole point of inflation is to prevent you from recognizing just how much they're squeezing you so you don't pick up the pitchforks.
Rental is not included. Because you can live on the streets for free
Streets AREN'T Free.
Actually we r not necessarily better off owning (least) a (first) home. Say, we sell our home, for the market price is higher at the given moment; then, as ‘higher’ the price to buy or rent another at that same moment. Economics rely more on promise than actuality and the more negotiating power we got, the more profited the Present.
Hey let the next generation choose if they want that breach and if they want to pay for it. Who are we to throw them in to all that jazz without their consent?Absolutely stealing from it.
Corporate greed pushes the increase in automation, production overseas and the taking advantage of man made and natural disasters. The last of which drives more corporate greed through ever increasing monopolization of industry. Which is all allowed through the manipulation of law from our governments. Because those governments also profit. This is how you end up with the tech sector deciding on our Healthcare instead of actual doctors deciding. I think it's simple. Capitalism cannot grow unchecked. And currently there are zero checks and balances keeping Capitalism in its place. Nothing wrong Capitalism in principle. But now all we have is Capitalism driven by extreme consolidation of power driven by Capitalism driven by consolidation of power.........it becomes the snake eating it's own head. Eventually there is no consumer. And it will be a select few owning everything and all resources. The rest will be poor. So it's not complicated to me. We simply have laws that don't protect the people. But protect the rich and powerful. Not only protect the rich and powerful. Moreover actually incentivises the rich and powerful to keep enriching the rich and powerful. Because our government is in bed with all of them. We are at a point where an entire alternate system of control would have to step in and regulate in the way it was supposed to be regulated to begin with. There's no reason one man needs 10 billion dollars in his bank account. Just like there's no actual reason why there needs to be a homelessness epidemic. We are the richest country in the world. But spend the least amount of those riches on fixing our own problems.
I'm watching this after being told in another video not to over expose myself to bad news that I cannot do anything about if I have a high level of neuroticism.
Tell the video you just watch that it’s completely incorrect. If you have high levels of neuroticism, there’s obviously reasons for that, you want to be safe and calm from acquiring necessary assets and mental strength, not feeling calm from ignorance.
Stop paying attention to such things. They can be detrimental to anyone's health
@@ethimself5064 if you want to live in a bubble of fantasy.
Is this about the USA?
@@LeviKerrison lmao it's another jbp video
Real money has an intrinsic value Coins made with Gold or Silver. Not todays fiat money, paper has no intrisic value neither does coinage made fron base metals 😒😡
we're going to let millions of people in the country illegally and you're going to pay for it.
thank you very much. your government
They created the problems in the first place. We muddled with Latin American companies a lot. Not to mention supported the drug was and the rise of gangs. MS13 was created in part by government training during the El Salvadorean Civil War. And many people on both sides of the political spectrum support this bullshit
I sincerely hope this guy was clipped out of context or something. Because no serious economist would say something as stupid as "if you expect -3% inflation, but the result is 2% inflation, that's actually 5% inflation". You can't just have an imaginary fantasy land in your head called an "expectation" and judge reality by that. It's not how it works. And you also have to demonstrate that 100% of that inflation deviation from your expectation, was as a result of government policy, and 100% compliance and enforcement of said government policy, and NOTHING else. Which obviously is never going to even be attempted to be demonstrated. Do better JBP.
Everyone still wants to go to America
Because somehow we have fucked their places up worse than ours... for now
Because it's the greatest nation in the world.
This results in my property taxes going up as well. These crooks raised my property taxes simply because everything else got more expensive.
Ah yes, Ad Valorem tax. AKA yet another wealth redistribution scheme.
You have to interview Ron Paul.
End the FED.
God is Peter Schiff still kicking around? This guy isnt an econimist, he's a gold salesman whos predicted 24 of the last 1 inflationary episodes
How is it hidden? Its pretty clear, rulers have been doing this, starting as early as Nero:
"As soon as he became emperor, Nero started debasing the coin by reducing its silver purity to 90%."
Thats why some people like Bitcoin.
Let teach the society in right way ..what economy means..which by the way every one have to knows the simply..ButWhen the head of fish it's smelling shit..that it's what society it's..they learn what you service..(prosferis).if a garbage hypocrite likes 122 ..then I like jail time..with out swimming pool or big screen...hard sport behinds..let takes personal all.
The Fed can print as many dollars as they want but no one entity has top down control over the 21M Bitcoin.
Bad take. Corporate greed is the main driver of inflation today
Inflation is the increase of currency supply, not the increase in prices that usually follows. If the rate of production outpaces the rate of inflation, prices can actually decrease while the currency inflates.
Corporate greed and government greed are one in the same. They scratch each others' backs while pretending to serve the rest of us. The government muddies the definition of inflation so they can shift blame onto others. They use the value they steal from our pockets to buy their corporate cronies, who then defraud us for more money and stick it back in their politician cronies' pockets. They keep jerking each other off at our expense.
You obviously don't understand inflation
Jordan Peterson should invest in my high temperature steam engine invention, it would be a big deal.
Reminds me of "Pie Charts for Simon."
Inflation means, simply, by classical definition, the growth of the money supply. Who was it who said "Keep everything as simple as possible and no simpler." Rising prices are but a symptom of inflation, and yet there's probably an 87.5% chance that anyone you talk to will think that inflation means rising prices.
Bingo
I feel like we bitch about inflation when what we really want to bitch about is quality of life/prosperity or lack thereof. it doesn't matter what things cost or how much money there is. it doesn't matter how much we are taxed or not. what matters is can people afford more or less quality goods and services year over year. the problem is when cost of living outstrips income buying power and diminished quality of life ensues. when people must work harder for less abundance.
While Schiff is almost always right he missed some good answers. For instance, when asked how if productivity is increasing at a faster rate than interest, it could be argued that borrowing would be good. In fact it is, that is how we got the roaring 60's but productivity increases are asymptotic and have diminishing returns. That is why borrowing can't work, because productivity increases don't actually happen.
inflation is a weapon of war. if we dont jump start industry with free money at the risk of our debts, the enemy will. for example similarly, if we dont lead AI tech the enemy will. a free boost to the economy, war or otherwise comes at a cost, namely a percentile. USA having been world police for nearly a century should have cut back stimulus, or invested in real infrastructure that produces gains, instead we made enemies by risking our liabilities funding trafficking drugs and white slavery and wars to only enrich western oligarchs.
iv heard it called the moloch problem. some short term solutions cause long term losses. but if we dont, the enemy will and they might win, to our significant detriment. so you are forced to do the wrong thing because there is an adversary, and a short term losable game that forces your hand. to hell with the poor, they are dead if we lose anyway
mannnn if you havnt been trying to understand money / inflation with your leisure time, you are missing a massive part of what our current societies corruption means. child mutilation included, if you can believe it
China is the biggest debtor nation.. risk risk Peter..
Paying tax is the fairest way to distribute wealth in society IF it is conducted without corruption 😊
I agree- but that is a BIG ‘if’.
Voluntary transactions based on individual valuations of goods and services is the fairest way to distribute wealth in society. Taxation IS corruption.
Taxation is theft. What did the government do to help you bake that bread or build that house? Nothing. They are leeches sucking the lifeblood out of communities for their agenda and control
juden b peterstein the world renown gatekeeper.
To understand inflation, Just look at your own ego Jordan. Your sow funny, Lord HA HA!
I AM DAVID JOSEPH CHRIST, SO I AM. THE END.
Hidden? Nah, rulers have been pulling this stunt for ages. Take Nero, for example. Dude became emperor and bam! He starts messing with the coin's silver content, dropping it down to 90%. No wonder folks dig Bitcoin. - brought to you by ChatGPT
Useless advice...
Buy Bitcoin
Um no, a tax is something by the government for the government. Inflation is caused by businesses rasing their prices and interest rates which they have total freedom from the government to do. You could say private business/banks/central banks are the real government. Then you'd be right, but it's still not a tax, rather it's a product, it's profit.
It's indirect taxation because the government gets to pay for whatever it wants and we pay the cost later throughout higher pricing.
Inflation isn't caused by businesses because they don't control the money supply. They can't just randomly raise prices on us without them losing revenue because they decrease demand for their own supply resulting in less revenue. Prices must be in balance, this is called "supply and demand".
Corporations main objective was to always increase prices, they would have done it day 1 if given the chance. You think it's a coincidence that only now it started to rise at the exact same time we had record amounts of money added to circulation?
Inflation is great for those in debt. Not so much for scrimpers and scrooges.
Is it really good for them? Why would it be
@@allenellsworth5799 Inflation is good for those with debt because it reduces the real value of the debt. E.g, if you borrow £500 in 2015 and pay £500 back in 2025, the 'real' value of the £500 you pay back is worth less due to inflation (you can buy less goods and services). It is more complex depending on if interest rates change, etc, but that's the basic idea.
@A O Yeah but it is just a trade off. Everything becomes more expensive and you still have to pay the debt off.
It's only great for those in debt who can print they money they pay debts with. Everyone else in debt suffers the broader effects. The real value of your debt may shrink but so does your ability to scrounge to pay it off.
Money represents the ability to produce change, but most people with it, are afraid of change or are unrealistic about what change they can afford…because, our values are in disorder, I think it’s safe to say, it’s probably good if a college professor makes less than the manager at Taco Bell.
(The masses are being reduced to potential change.)
You are the maestro Mr. Peterson!
Enjoy 💋
When Jordan asks you to buy him "a cup of coffee" that seems so innocent. But the money you spend on that cup of coffee for Jordan, deflates your bank account, as the millions of people that buy him coffee, inflates Jordan's bank account to excess.
I'll bet Jordan doesn't mind THAT type of inflation.
the cup of coffee is a small investment for the return. you're a bit like stephen king criticizing elon musk for charging $8 for the blue check mark by tweeting "I think Mr. Musk should give my blue check to charity. I recommend the Prytula Foundation, which provides lifesaving services in Ukraine. It's only $8, so perhaps Mr. Musk could add a bit more." pray, 'june', tell me mr musk's reply?
what?
@@jaysmith3361 I doubt that those who are transgender would believe that Jordan's words are worth a cup of coffee.
Do you also suffer from transphobia, as does Jordan?
In January Jordan claimed on “The Joe Rogan Experience” podcast that being transgender is a result of a “social contagion” and similar to “satanic ritual abuse,” and suggested that acceptance of the trans community is a sign that “civilization’s collapsing.”
@@jaysmith3361 I don't know that story of Mr. Musk, or his reply, so I can't comment. But I doubt that those who are transgender would believe that Jordan's words are worth a cup of coffee.
Do you also suffer from transphobia, as does Jordan? In January Jordan claimed on “The Joe Rogan Experience” podcast that being transgender is a result of a “social contagion” and similar to “satanic ritual abuse,” and suggested that acceptance of the trans community is a sign that “civilization’s collapsing.”
Thats not inflation, thats an exchange of goods. Information for coffee...which was ASKED I might add. Inflation would be a 3rd party (gov't) taking production AKA money, or coffee if you like, taking that from one and giving it to another who didn't produce anything or anything of agreed equal value...under force (no choice).
Remember when Peterson was a psychology professor and would explore the hidden depths of the human psyche? Miss those days. Now we are discussing politics and appealing to a mass right wing audience. Making money tho, right?!
😑
"appealing to a mass right wing audience" -- In other words, anyone who does not echo your radical left-wing views is appearing to a right-wing audience. Get lost, you left-wing troll!
All of the old content is still available, and it is just as helpful and enlightening as it was before. He still makes the content that you described, but he is ALSO producing political analysis. The "right wing" label is so tired, and it's inaccurate to boot. I think it's unlikely that you were truly engaging with the psychological content anyway, because if you were, you wouldn't be making such an ignorant comment.
@@subliteral1380 lmao, dude I could explain the depths of the human psyche in a way that would make ur fuckin head spin. The sad part is that I’ve already watched basically all the old stuff he has. Psychology is far more complex and fun to explore than fuckin responsibility and the problems of post modernism over and over. Hell, he used to talk about DMT and psychedelics, which he would prolly never touch now given his audiences conservative point of view.
It’s not I disagree with the things he is saying even, it’s just that I can see how he is (possibly unconsciously, probably not) explaining ideas that only appeal to a certain idealism. And it’s shit. The truth is that he used to allow himself to explore while he spoke, while now he is trying to send a message with a goal in mind- combat post modernism and help people find meaning. And while this is certainly a hell of a thing to aim for, he just gives the same message repeatedly.
Really the only areas he is exploring new ideas is when he talk about the Bible, which I’ve actually greatly enjoyed.
@@JFox4587 And you don't respond when challenged, do you?
@@johnnastrom9400 oddly enough, I didn’t. I actually looked for someone to help me challenge myself, found Peterson, and over the course of 4 ish years, I listened to him and changed my life dramatically. Truth be told he changed my life tremendously. He had a little help from a couple other influential voices, but I’d say there isn’t a person’s voice on earth I listened to more in those four years. Started out single, spiritually lost, and depressed. and today I’m proud to say I’ve made my dream of having a family (including my life long goal of being a dad) a reality. And it’s because of the work I put in that I can say I’m already a great dad. (Play circuitry in mice anyone?!)
Anyway, I’ve been killin it, but I’m workin my ass off to better myself all the time. How bout you?! Any stories ya feel like sharing?
This theft is criminal and disgusting Jordan, I can't understand why it's not a more common topic for you since you have kids and maybe grandkids.