What the Inflation of the 1970s Can Teach Us Today | WSJ

Recently, the U.S. inflation rate reached a 13-year high, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next. Photo: Alexander Hotz
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Пікірлер: 700

  • @NicholasBall130
    @NicholasBall1302 ай бұрын

    The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

  • @StacieBMui

    @StacieBMui

    2 ай бұрын

    Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

  • @EleanorBaker474

    @EleanorBaker474

    2 ай бұрын

    Very true, you can be passively involved in the markts and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.

  • @StocksWolf752

    @StocksWolf752

    2 ай бұрын

    Could you kindly elaborate on the advisor's background and qualifications?

  • @EleanorBaker474

    @EleanorBaker474

    2 ай бұрын

    The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She's established.

  • @Greggsberdard

    @Greggsberdard

    2 ай бұрын

    thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @adamestrada7656
    @adamestrada7656 Жыл бұрын

    increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, andI rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my million dollar bond and stock account.

  • @harod033

    @harod033

    Жыл бұрын

    Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.

  • @alexanderjames3043

    @alexanderjames3043

    Жыл бұрын

    @@harod033 Do you think you could suggest this coach to me? I've been researching advisors and I truly need advice to move forward.

  • @harod033

    @harod033

    Жыл бұрын

    @@alexanderjames3043 Although I've had experience with a number of investment advisors, RUTH LORALANN BRENNAN has so far shown to be the most effective and knowledgeable. You can easily discover her online by performing a name search; she has a big following.

  • @godof-ou1dw

    @godof-ou1dw

    Жыл бұрын

    @@harod033 I'm delighted I found this conversation; I searched up Ruth's full name and found her website; her credentials and testimonials seem genuine, and there are good reviews; I immediately sent her a note. I'm very grateful.

  • @matturner8
    @matturner83 ай бұрын

    Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

  • @suzannehenderson5

    @suzannehenderson5

    3 ай бұрын

    Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.

  • @KevinClarke9

    @KevinClarke9

    3 ай бұрын

    Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $272K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.

  • @MarkGrimm8

    @MarkGrimm8

    3 ай бұрын

    Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

  • @KevinClarke9

    @KevinClarke9

    3 ай бұрын

    Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @MarkGrimm8

    @MarkGrimm8

    3 ай бұрын

    Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @marianparker7502
    @marianparker7502 Жыл бұрын

    The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse is near.

  • @Robertgriffinne

    @Robertgriffinne

    Жыл бұрын

    Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming

  • @Natalieneptune469

    @Natalieneptune469

    Жыл бұрын

  • @PhilipMurray251

    @PhilipMurray251

    Жыл бұрын

    Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’"Nicole Ann Sabin"’’ a financial advisor who sets asset allocation that fits my tolerance and risk capacity, investment horizon, present and future goals.

  • @wiebeplatt4749

    @wiebeplatt4749

    Жыл бұрын

    @@PhilipMurray251 Please, your coach you mentioned, how do i get in touch with her?

  • @PhilipMurray251

    @PhilipMurray251

    Жыл бұрын

    @@wiebeplatt4749 just look her name up online to get in touch with her, her details are provided online

  • @anthonymathias1
    @anthonymathias12 жыл бұрын

    Inflation at 8.5% is manipulated inflation number. Real inflation is 16%.How is it different from the 1970s.

  • @helloleanne2

    @helloleanne2

    Жыл бұрын

    This was before the war in Ukraine escalated.

  • @hit9819
    @hit98192 жыл бұрын

    I’m surprised to see a comment section so educational and polite without it being so toxic What a breath of fresh air

  • @sauronbaggins1833

    @sauronbaggins1833

    2 жыл бұрын

    Good ironic joke

  • @hit9819

    @hit9819

    2 жыл бұрын

    @@sauronbaggins1833 No? Im actually serious

  • @sauronbaggins1833

    @sauronbaggins1833

    2 жыл бұрын

    @@hit9819 well, I’ve seen a few heated commentaries.

  • @bignasty654

    @bignasty654

    2 жыл бұрын

    Murica

  • @daviddavids2884

    @daviddavids2884

    2 жыл бұрын

    what a breath... of POMPOUSITY

  • @stacywilson957
    @stacywilson957 Жыл бұрын

    Awesome! your potential seems timeless.* Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made.The good news is - it’s not too late, I'll suggest you find a mentor or someone with experience guide you especially in this recession.

  • @tomjason2495

    @tomjason2495

    Жыл бұрын

    Congrats! I'm fascinated with investing, as a single parent and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Do you think I'm missing out something?

  • @sheliaswelttk2535

    @sheliaswelttk2535

    Жыл бұрын

    @@tomjason2495 Success Depends on the action or step you take to achieve it. Show me a man who has no investments and I'll tell you how soon he'll be broke

  • @williamskohler8337

    @williamskohler8337

    Жыл бұрын

    @@sheliaswelttk2535 Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional investment coach

  • @sheliaswelttk2535

    @sheliaswelttk2535

    Жыл бұрын

    @@williamskohler8337 i totally agree to your words of wisdom, very blunt and honest, Please, your coach you mentioned, how do i get in touch with your coach you speak of?

  • @davidnewbury1721

    @davidnewbury1721

    Жыл бұрын

    @@sheliaswelttk2535 I invest with (Tracy Helene Aalvik) a widely known investment consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..

  • @cstnfacu
    @cstnfacu2 жыл бұрын

    If this is gonna be a revival of the 70s, at least give us back classic rock.

  • @mohitoBhau5499

    @mohitoBhau5499

    2 жыл бұрын

    Well said. Stay safe.

  • @MetalMilitia072583

    @MetalMilitia072583

    2 жыл бұрын

    Who took it away?

  • @Nystrom292

    @Nystrom292

    2 жыл бұрын

    Please Led Zeppelin come back!

  • @medicated-hamster

    @medicated-hamster

    2 жыл бұрын

    @@MetalMilitia072583 Jesus Christ

  • @SportsIncorporated

    @SportsIncorporated

    2 жыл бұрын

    @@medicated-hamster Superstar.

  • @miawhitlock9140
    @miawhitlock9140 Жыл бұрын

    Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

  • @joshspring7686

    @joshspring7686

    Жыл бұрын

    The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

  • @chrisbluebird5037

    @chrisbluebird5037

    Жыл бұрын

    @@joshspring7686 I agree, my prof!t have been quite consistent, regardless of market situation, I got in early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from a portfolio-adviser. I found her on a CNBC interview where she was featured and reached out to her afterwards.long stry shot, its been two years now and I’ve gained over $85ok following guidance from my investmnt adviser.

  • @pigsbark4173

    @pigsbark4173

    Жыл бұрын

    @@chrisbluebird5037 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you?

  • @chrisbluebird5037

    @chrisbluebird5037

    Жыл бұрын

    @@pigsbark4173 The advisor I use is Wendy Helene Bennett, she's verifiable , so you could just search her.

  • @mesutserim1595

    @mesutserim1595

    Жыл бұрын

    @@chrisbluebird5037 I just looked up Wendy Helene Bennett online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.

  • @JimmyIsaacVenturaSalcedo
    @JimmyIsaacVenturaSalcedo Жыл бұрын

    Finding this video 1 year later is very sobering

  • @TherealRandPaul

    @TherealRandPaul

    Жыл бұрын

    ikr str8 propaganda

  • @TherealRandPaul

    @TherealRandPaul

    Жыл бұрын

    powell: trust me, i wouldn’t let stagflation hit again i had a front row seat 2022 powell: 🧐🥴

  • @AUstinnesc
    @AUstinnesc7 ай бұрын

    As recession fears mount on Wall Street and inflation remains well above the Fed's 2% target, some of the top commentators in markets, business, and economics have been sounding off on just how bad they think the next downturn might be - and how far stocks may have to fall. I need ideas and advice on what investments to make to set myself up for retirement, my goal is to have a portfolio of at least $850k at the age of 60

  • @corrySledd

    @corrySledd

    7 ай бұрын

    It's precisely at times like these that investors need to be on guard against the next certainty. With the Ongoing war Between Israel and Palestine, You don't have to act on every forecast, hencei will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

  • @sheltonPston

    @sheltonPston

    7 ай бұрын

    Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.

  • @AUstinnesc

    @AUstinnesc

    7 ай бұрын

    Impressive can you share more info?

  • @sheltonPston

    @sheltonPston

    7 ай бұрын

    My consultant is NICOLE DESIREE SIMON She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

  • @AUstinnesc

    @AUstinnesc

    7 ай бұрын

    Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.

  • @darssmare915
    @darssmare9152 жыл бұрын

    How can you cover this topic and at no point compared the public and private debt now versus at the end of '60 and '70!?! Who wrote the text for this clip? Is just a brief description of what is going on with absolutely no thinking or questioning. Can the rates be increased, what would be the consequences, etc.

  • @__redacted__

    @__redacted__

    2 жыл бұрын

    The CPI is how we measure inflation. But inflation never captured housing. Ever. So why the the WSJ hype? Because there's money to be made by committing arbitrage and taking advantage of people's expectations.

  • @stevenhe198911

    @stevenhe198911

    2 жыл бұрын

    That's why I mainly watch comments

  • @zetajolyne3689

    @zetajolyne3689

    2 жыл бұрын

    FED just exhausted all the tools other than raising rates. So simply the question is, when it will be?

  • @tajtahmeena8635

    @tajtahmeena8635

    2 жыл бұрын

    excellent observation

  • @thewiirocks

    @thewiirocks

    2 жыл бұрын

    @@zetajolyne3689 The Fed *should* have raised rates before the pandemic. We went 12 years (!) keeping interest rates ridiculously low because of a fear of a mild recession after the 2008 crash. The Fed used up all their tools overheating an economy that didn’t need it. Now we’re pumping ridiculous amounts of money into a recessed economy and have no way of meaningfully adjusting interest rates. That’s a really bad setup for some serious pain ahead that I am not looking forward to.

  • @andrechandon8558
    @andrechandon8558 Жыл бұрын

    6:45 "The Fed says it stays committed to its long held stance that today's inflation is temporary". Apparently this video was made in July 2021, it would be interesting to hear what the people in this video have to say now in June 2022.

  • @WehrmachtBunny
    @WehrmachtBunny Жыл бұрын

    When you watch this a year later and inflation is 9.1%.🤦

  • @meetadi4u
    @meetadi4u2 жыл бұрын

    1970s US did not have large scale cheap manufacturing setup outside.

  • @energyexecs
    @energyexecs Жыл бұрын

    ...Being born in California in the year 1957 is where I experienced the 1970s Stagflation. I remember those dark days. I moved out of my parents home to go to college - worked at night and went to college in the day. Split the rent with my buddy. I was okay as a young single guy but I knew my parents were going through a lot with my younger sisters and brothers. I am glad I was not a burden to them and helped out where I could.

  • @gandhikumar2956
    @gandhikumar29562 жыл бұрын

    At least it is easier to own a house in 1970s

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    You said it....

  • @pudanielson1

    @pudanielson1

    2 жыл бұрын

    I mean it's crazy to think about homes, college educaiton were hella cheap in the 1970s even in those contemporary times.

  • @HH-le1vi

    @HH-le1vi

    2 жыл бұрын

    With 18% interest

  • @pudanielson1

    @pudanielson1

    2 жыл бұрын

    @@HH-le1vi Yet, they could still pay it off in like 5 years with 18% intrest, no one complained back then

  • @HH-le1vi

    @HH-le1vi

    2 жыл бұрын

    @@pudanielson1 prices were also significantly lower compared to wages.

  • @madhavkapur93
    @madhavkapur932 жыл бұрын

    Inflation also directly depends on people's beliefs and expectation on inflation. If more news channels talk about inflation, more people will assume that we are heading in for high inflation periods, more they will act accordingly and will contribute to actual inflation

  • @rusitoexplorador

    @rusitoexplorador

    2 жыл бұрын

    I'm no economist but wasn't the phenomenon because people think dishwashers will be more expensive next month, so everybody goes to buy dishwashers, effectively making dishwashers more expensive and creating demand pull inflation. But the main reason inflation exists is due to money printing as far as I know

  • @__redacted__

    @__redacted__

    2 жыл бұрын

    How is inflation even measured? It's just this term being thrown around where people don't even pay attention to how their disposable income--their paychecks and real purchasing power aren't being measured. When was the last time anyone ever complained about the price of filling up the gas tank...but ignored how much their employer took from their paychecks in health insurance costs? Or the cost of rent. Or the cost of education.

  • @DrChubbsify

    @DrChubbsify

    2 жыл бұрын

    Thanks professor

  • @rusitoexplorador

    @rusitoexplorador

    2 жыл бұрын

    @@DrChubbsify 😎

  • @adamanderson3042

    @adamanderson3042

    2 жыл бұрын

    @@rusitoexplorador Yeah but the thing that generally causes it to happen doesn't need to actually happen either to the extent that people expected or even at all. Just like toilet paper in the pandemic, the first people to buy it bought it because they thought there would be logistical and production issues in the long term because they thought the pandemic would be quasi-apocalpytic, but those people were rare but numerous enough to get people talking and get people worried which got A LOT more people who didn't neccesarily think the pandemic was going to be quasi-apocalyptic but understood that all that was required for toilet paper shortages in the short to medium term was for a lot of people to expect a lot of people to expect a lot of people to expect there to be shortages. It's all self-fulfilling.

  • @Dave-yw2wc
    @Dave-yw2wc2 жыл бұрын

    The CPI back then also included energy and food prices. They changed how inflation is reported back in the 80s. True inflation this year is at about 7-8% if you count energy and food as they use to. True inflation is well over 5% this year. The government just cooks the numbers for political reasons in modern times.

  • @ajdillion3021

    @ajdillion3021

    2 жыл бұрын

    🙏

  • @TheShmoodled

    @TheShmoodled

    2 жыл бұрын

    Yes but try 16%

  • @jamal91jassim

    @jamal91jassim

    2 жыл бұрын

    Here we go

  • @CarlosAntonio-br3xq
    @CarlosAntonio-br3xq2 жыл бұрын

    Inflation is rampant! Been here done that back in Jimmy Carter times right before Reagan.

  • @joseemiliano8522

    @joseemiliano8522

    2 жыл бұрын

    With the inflation ramping up and getting increasingly closer, I get more worried on the safest securities and stocks to invest in. Heard there were a few brokers who made millions during the great recession, and I would really love tips on the best ways to achieve such feat.

  • @JuanSanchez-nc7fu

    @JuanSanchez-nc7fu

    2 жыл бұрын

    As Warren once said, "Be fearful when others are greedy, and be greedy when others are fearful". Making that much profits requires some guts, and most especially trading experience.

  • @lopezalvaro2716

    @lopezalvaro2716

    2 жыл бұрын

    @@joseemiliano8522 There are various trading techniques used by different people, so take your time and learn or better still, I would best advice you seek a financial consultant with years of experience to assist you.

  • @evanhoeck3067

    @evanhoeck3067

    2 жыл бұрын

    Hey Johnston, you basically just need to do your research and devise a reliable trading strategy that you feel comfortable and good at using.

  • @ashleykozlov9784

    @ashleykozlov9784

    2 жыл бұрын

    I was in a very very solid largecap stock but PE is above 100

  • @MADKingR
    @MADKingR2 жыл бұрын

    Old documentary. Inflation rate is already at 6.9% of December 2021 and is predicted to reach 8% in 2022.

  • @howardbaxter2514

    @howardbaxter2514

    2 жыл бұрын

    Probably even higher once you factor in food, oil, and housing.

  • @Kittnet

    @Kittnet

    2 жыл бұрын

    7.5 already feb 2022

  • @newares8140

    @newares8140

    2 жыл бұрын

    Probably above above or almost 10.00% in Wednesday CPI report

  • @Ed-pv6ke
    @Ed-pv6ke2 жыл бұрын

    Powell didn't experience inflation in '75. He comes from money, went to Princeton, and a law doctorate from Georgetown. I was in 5th thru senior HS during the 70's inflation BS and lined up to get gas, saw price freezes by Nixon and how Jimmy Carter told US to wear a sweater if we couldn't afford the heating oil. The recession of '82 under Reagan which stopped the stagflation, and the resulting collapse in oil prices used to pull the nation back up with cheap energy. The normal state of money, real money, is deflationary. Inflation calculated as we did in the 70's would be north of 17% now not 7.5 as reported by the CPI (CP lie). Put US back on the gold standard. This generation will take a huge hit, but our kids will be better off. Time to pay the piper. NOT THE FED !!! END THE FED THEY HAVE NOT GIVEN US 0% INFLATION AND FULL EMPLOYMENT LIKE IN THEIR CHARTER

  • @maxmeier532
    @maxmeier5322 жыл бұрын

    My real worry is the cost of housing. I am still confused about how housing costs are even integrated in calculating the inflation index. It seems not at all, at least I cant explain, how housing, be it sales prices or rental prices, has seen exponential increases in just the last 10 years, but allegedly inflation hasnt changed at all up until recently. It just doesnt make any sense that probably the single biggest factor in everyone's regular expenses has increased dramatically, but it doesnt show up in inflation. Where I live, a european city about 600000 citizens, prices have probably doubled over the last 10 years. Obviously income hasnt. Yet, we are told inflation was somewhere lower than 1% each year. It seems absolutely rigged, especially considering that today about 33% of the median income goes to housing costs!

  • @hwong1776

    @hwong1776

    2 жыл бұрын

    potentially once the eviction/foreclosure moratorium is raised housing supply will increase enough to level off the market

  • @dreesunc

    @dreesunc

    2 жыл бұрын

    Yes. They lied to us about inflation 🤣. In the US they ask home owners how much they think their place would be rented out for. Home owners are isolated from rental market and thus understate rent hikes. It's all rigged. They are trying to boil us slowly so that we don't notice.

  • @adeebihabibi

    @adeebihabibi

    2 жыл бұрын

    You're asking the right questions, keep educating yourself and you will very quickly discover the central bank Ponzi

  • @bittughosh6749

    @bittughosh6749

    2 жыл бұрын

    Roughly about 33% weight of the CPI is given to housing. So yes, they are taken into consideration.

  • @__redacted__

    @__redacted__

    2 жыл бұрын

    @@bittughosh6749 uh no they aren't. "Why doesn’t the CPI include the cost of buying and financing houses as well as property taxes and home maintenance and improvement?" www.bls.gov/cpi/factsheets/owners-equivalent-rent-and-rent.pdf

  • @drmode
    @drmode2 жыл бұрын

    Raise interest rates! We see it in housing, where an whole generation will never be able to own a home unless their parents pay for it.

  • @googlebanmetoomuch2601

    @googlebanmetoomuch2601

    2 жыл бұрын

    They raise intrest rates and the country will go into a Depression it will never get out of!

  • @sunshyne07fl80

    @sunshyne07fl80

    2 жыл бұрын

    We been trying to buy for awhile..problem is the corporations are buying up all the properties to rent to keep people from owning properties..who’s idea was this?

  • @felipefierro7835

    @felipefierro7835

    2 жыл бұрын

    What are u talking about higher int rates higher mortgage cost… this increase in housing price is an reflect in an increase of demand

  • @Tential1

    @Tential1

    2 жыл бұрын

    The reason they didn't do this is there's not actually in inflation problem. Some people bet on inflation occurring, it didn't, and now they are trying to make their trade work by spamming the media with the idea. Similar to game stop getting trading halted, this is just big players messing with the media to try and make you, make a mistake so that way they can profit off of it.

  • @__redacted__

    @__redacted__

    2 жыл бұрын

    The CPI is how we measure inflation. But inflation never captured housing. Ever. So why the hype?

  • @veteranscanineintelligence3761
    @veteranscanineintelligence37612 жыл бұрын

    bought my first home in 1979 at 13% interest rate. Home was 80,000. CC rate was 24%.

  • @rjjcms1
    @rjjcms12 жыл бұрын

    In Britain inflation peaked at just over 30% 😮 in 1975. We had the same situation in the mid-to-late 70s where wages were spiralling upwards to keep pace with rising prices so the higher wages did not increase spending power in real terms. Unemployment rose steadily and sharply from the mid-70s onwards as stagflation gripped our economy too. Inflation had come down a bit but was still high at the end of the 70s but it was one of the biggest achievements of Mrs Thatcher's earliest governments to bring it back down and under control in the 80s with a monetarist economic doctrine to restrict the money supply and make the pound sound again. That was accomplished at a terrible cost. Unemployment soared as the world's economies fell into a deep,damaging recession,and more than 3 million people here were out of work by December 1981. The recovery was long,slow and painful. Though we had pockets of affluence,mostly in the south and the better-off parts around the west and centre-west of London,I would argue that the economy did not start to pick up again properly until the later half of 1986 in the south,1987 onwards in the Midlands and later,generally much later,than that in the north and the other regions. And when it did it was underpinned by too much borrowing.

  • @tracysmith245

    @tracysmith245

    9 ай бұрын

    30% wow it might go back again after all the spending and covid, Brexit. i remember looking for work in the 90s loads of people same interviews.

  • @rjjcms1

    @rjjcms1

    9 ай бұрын

    @@tracysmith245 Yes,I experienced that myself at times in the 80s and middle part of the 90s,then again in 2016-18 after I was made redundant from my job of 18 years. It's only in the last few years,a little bit the last deacde,that we've suddenly had this situation when all these companies are looking to hire - before that you'd have to go all the way back to the 60s and earlier part of the 70s to find anything similar!

  • @DavidEVogel
    @DavidEVogel2 жыл бұрын

    I remember savings and loan companies set up in parking lots in Tucson AZ. These were portable buildings with big signs reading "We pay 7% interest." The idea that the building could be gone on a flatbed truck in the morning didn't appeal to me.

  • @Blackmind182
    @Blackmind1822 жыл бұрын

    Here are almost a year from when this video was made and we are experiencing run away inflation!!

  • @slovokia
    @slovokia2 жыл бұрын

    The big difference between 1980 and now is that now the US federal debt is roughly four times the size in relation to the economy than it was in 1980. This means that when the Federal Reserve raises interest rates to control inflation, the effect on the US budget deficit is much higher than it was then. If the Fed loses control of inflation the US government will have a severe budget crisis. At that point we will enter a monetary regime known as fiscal dominance. The Fed is playing with fire right now - let’s hope we don’t all get burned.

  • @henrygustav7948

    @henrygustav7948

    2 жыл бұрын

    As opposed to monetary dominance which we have had as a failing policy for decades? When the Fed raises interest rates they are adding to inflationary pressures not decreasing them.

  • @slovokia

    @slovokia

    2 жыл бұрын

    @@henrygustav7948Well then you have to explain why Volker was able to bring inflation under control in the early eighties. If high interest rates were not the solution what was? If you simply argue that it is more about controlling the quantity of money in the economy, you still have to account for the influence of interest rates on credit creation.

  • @inflationking1271

    @inflationking1271

    2 жыл бұрын

    OR you blame the Chinese for Covid and default on a couple of trillions debt. Economy and debt problem solved

  • @henrygustav7948

    @henrygustav7948

    2 жыл бұрын

    @@slovokia Volker DIDN'T bring inflation under control, he raised interest rates which actually prolonged the inflation. What broke the inflation was the deregulation of natural gas. Its not about controlling quantity of money in economy. You can lower interest rates and encourage more loans but that doesn't necessarily translate to people taking out loans.

  • @3markaw

    @3markaw

    2 жыл бұрын

    @@henrygustav7948 Ah , so the massive inflation of the 70's was all about the price of natural gas. Who knew ? Since natural gas has already been deregulated what will save us this time ? Please tell us.

  • @__redacted__
    @__redacted__2 жыл бұрын

    Comparing inflation now to the 70s with respect to disposable income, is like comparing apples to oranges. How much of the average paycheck went toward rent/mortgage, healthcare, and education back then versus now? CPI doesn't capture these things. So why get worked up over drops in the bucket when disposable income is more affected by taxes, housing, and healthcare?

  • @bestproto5117

    @bestproto5117

    2 жыл бұрын

    Is this inflation temporary??? Or is it going to last what do you think???

  • @SchmitaEclipses
    @SchmitaEclipses Жыл бұрын

    I remember as a kid in the mid 70's my parents got rid of our dogs. I can see why now as then prices were so high we couldnt afford to feed them. Sad that we are heading that way again...maybe even to a 1930s type depression through 2025.

  • @garrettosbourn2619
    @garrettosbourn26192 жыл бұрын

    Inflation isn't even the dominant risk of the inflation narrative. I'm typing this 3 months later, and inflation has gotten worse, and stuck around longer than anticipated. The REAL risk is the monetary policy tool that effectively combats inflation, being interest rates. The economy is more inflated than any time in history, mortgage delinquencies are up for homes under 350,000 to highest levels in a decade, while new mortgage issuance for homes over 350k is at peak levels. Equities also extremely overvalued due to overleveraged corporations. Long story short, our economy can't handle a spike in interest rates that would actually even combat persistent inflation. Oh and, no one wants to work anymore, oh and Washington wants to raise taxes. The ingredients are in the pot, they just haven't turned the heat on yet.

  • @howardbaxter2514

    @howardbaxter2514

    2 жыл бұрын

    I have a feeling we will experience a very deep and dark depression. “Roaring Twenties” all over again.

  • @johnjones-yt8rt

    @johnjones-yt8rt

    2 жыл бұрын

    @@howardbaxter2514 30's

  • @abrahamdsl

    @abrahamdsl

    Жыл бұрын

    Lol now

  • @budstep7361

    @budstep7361

    10 ай бұрын

    If you think a recession is worse than hyper-inflation, you need to read about what happens in hyper-inflation. Basically the end of a pre-existing economy and the key asset holders (think 1% owning 50% of assets) choose how they want to restructure the country.

  • @ajdillion3021
    @ajdillion30212 жыл бұрын

    This didn’t age well

  • @trinitysixecho9250
    @trinitysixecho92502 жыл бұрын

    Wall street journal videos are so good

  • @atenas80525
    @atenas805252 жыл бұрын

    Pain incurred during "temporary" situations can have "permanent" damage

  • @AV-qe6py
    @AV-qe6py2 жыл бұрын

    I just love how much people are consciously woken up and talking about investing.

  • @tajtahmeena8635

    @tajtahmeena8635

    2 жыл бұрын

    same happened in 1929, we know how that ended...

  • @rickywastaken

    @rickywastaken

    2 жыл бұрын

    speak for yourself child

  • @jc.1191

    @jc.1191

    2 жыл бұрын

    @@tajtahmeena8635 The 90s too.

  • @ColtonGroves
    @ColtonGroves Жыл бұрын

    Needed this. Tons of knowledge

  • @kienkhong2178
    @kienkhong21782 жыл бұрын

    Very good and funny videos bring a great sense of entertainment!

  • @crazyleafscanuck
    @crazyleafscanuck2 жыл бұрын

    So much was said in this video yet nothing was said at all. 7:56 minutes of “we don’t know”

  • @joeyt8256
    @joeyt82562 жыл бұрын

    We have not had 2% inflation for 15 years because the deflation is not being factored in, hence bubbles that pop.

  • @txbre8758

    @txbre8758

    2 жыл бұрын

    Yes

  • @waflletoast11

    @waflletoast11

    2 жыл бұрын

    @@txbre8758 deflation isnt the goal, a steady 2 percent is...

  • @TheJerryjj99
    @TheJerryjj992 жыл бұрын

    Savings account earning 0.2% is not actively fighting inflation. Begin to invest!

  • @arielmatinez

    @arielmatinez

    2 жыл бұрын

    Invest in what? Everything is overpriced

  • @he-man4978

    @he-man4978

    2 жыл бұрын

    Invest and than loose your skirt when the market gets a correction.

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    @@he-man4978 huh?

  • @JB-dv7ew

    @JB-dv7ew

    2 жыл бұрын

    Yeah let me just invest in the NASDAQ, which is up more in 1 year than in 5 yet we have massive shortages of materials and labor. Literally nothing makes any sense as to why the stock market is exploding yet we can barely get parts and people to install them.

  • @SportsIncorporated
    @SportsIncorporated2 жыл бұрын

    How was inflation calculated back in the 1960's. How is inflation calculated in 2021.

  • @jimmyan6062

    @jimmyan6062

    2 жыл бұрын

    Thanks for wat-ching. For cry-pto tra-ding/ in,vestment.. What-ss-pp. + 1 =9=7= 2=5= 2=8 = 9=7= 8= 1

  • @annache250

    @annache250

    2 жыл бұрын

    The same way

  • @lblanc8107

    @lblanc8107

    2 жыл бұрын

    @@annache250 Today's CPI is completely cooked, it is an absolute joke actually

  • @marcin-guitar
    @marcin-guitar Жыл бұрын

    This hasn't aged well.

  • @johnmontag
    @johnmontag2 жыл бұрын

    Great video

  • @dakotatahran4877
    @dakotatahran48772 жыл бұрын

    oh my god put some EQ on your video interviews please

  • @kirsteenluna5617
    @kirsteenluna56172 жыл бұрын

    Thanks to grandpa Joe everything reeks inflation, good thing is people are getting to know cash/fiat is pretty much stone age at this point, it is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your funds in 2021; Real Estate, Gold, Who can guess the 3rd??

  • @jengonzalez9085

    @jengonzalez9085

    2 жыл бұрын

    Obviously Stocks, I’m a child psychologist who hasn’t worked since December of last year, which made me start looking for passive income, I finally reached out to an advisor for help, following her recommendations, I dumped 10k all in NIO and NVDA shares and call options, Up 200k so far!!! this has literally been a life saver.

  • @kirsteenluna5617

    @kirsteenluna5617

    2 жыл бұрын

    @@jenbynature780 I worked with Alisan P Martin, She's been in the news when she revived Preemark company in 2019, met her at an annual fundraiser in Boston. You can look her up on the web for info on her work

  • @jengonzalez9085

    @jengonzalez9085

    2 жыл бұрын

    @@mitchel8329 Wish I could say I can relate but I cant, Alisan's charge is one time only and very much reasonable when compared to what I benefit from her expertise

  • @daviddavids2884

    @daviddavids2884

    2 жыл бұрын

    'designated' lol

  • @Sarfaraz30

    @Sarfaraz30

    2 жыл бұрын

    Commodities

  • @chargermopar
    @chargermopar2 жыл бұрын

    This is yet another reason that central banking needs to be eliminated. The way inflation was measured in the past is nothing like the suppressed number we have now.

  • @7orqu3
    @7orqu32 жыл бұрын

    inflation is not calculated the same now as it was back in the 70s so that 5% is not equivalent to the measurement in the 70s

  • @__redacted__

    @__redacted__

    2 жыл бұрын

    Not to mention it doesn't capture housing, healthcare and education costs. This is just a political hype machine that triggers boomer memories of waiting in line at the gas station.

  • @adeebihabibi

    @adeebihabibi

    2 жыл бұрын

    Correct, CPI would be much higher today if it was measured the way it was in the 70s. I own several rental houses around the US, all of my rent prices have gone up at least 50% and some have doubled in the last 8 years. I build houses too and have watched material prices rising long before covid. You're being lied to and all you need to do is pay attention to see it. Government spending makes people like me rich and makes wealthy people extremely wealthy. The average guy gets screwed but keeps holding his hand out in desperation. Wake up folks

  • @kirilmihaylov1934

    @kirilmihaylov1934

    2 жыл бұрын

    @@adeebihabibi they lie about inflation yes big time

  • @endcronycapitalism1616

    @endcronycapitalism1616

    2 жыл бұрын

    @@adeebihabibi If inflation used the same formula that was used in 1970 then year over year inflation would have been over 13% last month!!! Thank god they changed the formula otherwise people would think it is bad or something and would try to front run it so they don't get destroyed... Glad most don't understand printing money is inflation and everything going up is by product of said money printing... They can't wake up... they have a spell on them or something...

  • @d_15745

    @d_15745

    2 жыл бұрын

    Thank you! In the 70s it was COGI now it’s COLI

  • @douggordon3906
    @douggordon39062 жыл бұрын

    The difference is you earn zero interest from savings these days, unlike the 70's.

  • @ardweaden
    @ardweaden2 жыл бұрын

    Watching this in late april 2022 and laughing.

  • @metalpr
    @metalpr2 жыл бұрын

    11 months ago they said this inflation is normal… I wonder what would they say now that gas price has raised over 300% in two years

  • @meouby2
    @meouby22 жыл бұрын

    how can you print so much money?

  • @Stone45781
    @Stone457812 жыл бұрын

    Plz make videos with the aspect ratio 20:9

  • @sgamer1770
    @sgamer1770 Жыл бұрын

    how we doing now with this transient inflation?

  • @gregc247
    @gregc2472 жыл бұрын

    Well, this didnt age well

  • @Timmerdetimmerdetim
    @Timmerdetimmerdetim Жыл бұрын

    so when are interests on saving account going up?

  • @GonzoT38
    @GonzoT382 жыл бұрын

    5% inflation. LOL This video did NOT age well. Sitting at 8.5% April 2022. 1970s here we come...

  • @TheShmoodled

    @TheShmoodled

    2 жыл бұрын

    8.5 is a joke they cook the numbers in CPI

  • @tomo1168

    @tomo1168

    2 жыл бұрын

    @@TheShmoodled as always.

  • @samsamys5190

    @samsamys5190

    Жыл бұрын

    Your comment didn't age well! Now 9.2% and rising

  • @dragonore2009
    @dragonore20092 жыл бұрын

    So it's proably correct to say that we are not going to get official inflation like the 1970s, but this statement although likely true is missing one thing. CPI was measured differently then as it is now. If you take the CPI formula of the 1970s and use it today, then inflation today 2021, would be much much higher and maybe will exceed the 1970s using the old, more true formula.

  • @realazduffman
    @realazduffman2 жыл бұрын

    I think this was produced by that news guy in Iraq who said all was well as the tanks rolled behind him.

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    Lol

  • @chadsmith2281
    @chadsmith22812 жыл бұрын

    Gold, silver, Bitcoin!

  • @helendelarosa3811
    @helendelarosa38112 жыл бұрын

    Denand and supply is the subject

  • @vevenaneathna
    @vevenaneathna2 жыл бұрын

    US graduating Medical doctor debt has doubled every 8 years in the US for the last 30-40 years. its only recently slowed down because congress cannot increase the federal debt limit fast enough. yet somehow this was during a period of only 2-3% inflation. yeah.... pretty much the same with houses. MD's debt works well since there are basically zero gov subsidies or support, they know youll pay the price since youre guaranteed to make 250-500k as a dr. whats real is that the fed's way of measuring inflation shrinks the real rate by 1/2 to 1/3rd when "inflation is only 2%" that means its like 5% and still not that big of a deal but now when "inflation is slightly higher at 6%", that means its jumped from 5% to almost 15-20%.... and thats why everyones tlaking about it. btw inorder for education to double every 8 years inflation has to be about 12%. open ur eyes

  • @itsrojas
    @itsrojas Жыл бұрын

    This did not age well

  • @coreyford9561
    @coreyford95612 жыл бұрын

    It time to buy some more

  • @laupeter4594
    @laupeter45942 жыл бұрын

    Someone from Fed of the 1970s should have written a manual to instruct the younger generations how to handle the issue that is happening again in 2022. We need a Paul Volcker who is not afraid to do the ugly but right thing to lead us back into normality to the extent of putting his own reputation on the line. Most of the Americans aren't very smart even though they like acting so.

  • @tomo1168

    @tomo1168

    2 жыл бұрын

    powell fckd up big last year, but now he is finally brave enough. hopefully this will help.

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    Absurd. You are only punishing the poor. Fixation on interest rates to the exclusion of the real cause of this inflation will hurt this society. Punish the poor and you get a revolution. There is still John Maynard Keynes.

  • @johnvalerian8440
    @johnvalerian84402 жыл бұрын

    Supply chains are a mess and people don’t want to get back to work because it pays more to do nothing. The only way to fight inflation is by being more productive which isn’t happening.

  • @nickl5658

    @nickl5658

    2 жыл бұрын

    Just increase the pay... that is what free market is about. Also there are 610K fewer Americans today than in 2019... and most culling has been from the lower working class that could not work from home during the outbreaks.

  • @nycalien

    @nycalien

    2 жыл бұрын

    Time for another round of immigrants.

  • @sanbruno3606

    @sanbruno3606

    2 жыл бұрын

    PROSPERITY BONANZA OPTIMISM

  • @user-ix3yh8yt7r

    @user-ix3yh8yt7r

    2 жыл бұрын

    If you have a job, you should be happy to have that job. If you're offered a job, you should take it. Then you can look for something better. It's easier get a job if you have a job.

  • @howardbaxter2514

    @howardbaxter2514

    2 жыл бұрын

    The government is absolutely suffocating small businesses and even medium and large scale businesses. They want business owners to foot the bill, when most businesses are barely making enough to survive. Look at how they blamed “Big Kroger”. Kroger and other grocery stores have an operating cost of 2-3%. That is nothing. How can they foot the bill to increase pay, when the money they bring in goes directly to important expenditures like equipment repair, electricity, and food! The government doesn’t care though and they want to screw us all over.

  • @evifnoskcaj
    @evifnoskcaj2 жыл бұрын

    Why pass a massive infrastructure spending bill when unemployment is so low? Massive government spending, under Keynesian Economics, is good for addressing low unemployment, but does the opposite when unemployment is already low. The focus should instead be on reducing government spending, reducing costs by cutting tariffs and improving and streamlining trade, developing industries to localize production thus further reducing costs and addressing shortages of goods, and improving overall trade and foreign relations and doing everything to end the War in Ukraine, instead of fueling it. Economically, both parties are pathetically horrible, backwards, and uninformed. Trump ballooned the deficit and increased tariffs which has artificially increased costs of goods which has drastically hurt trade and has directly let to inflation (which is what it has ALWAYS done), and Biden has been on a spending spree. I just don't think there are competent enough leaders that actually understand macro economics, as the political environment has become so incredibly polarized and toxic that its more about rhetoric than intelligent and effective policy, and it's more about the governments intervention into social issues, which it has no right to intervene in the first place, which only further distracts and creates more "single issue voters". Will enough people wake up to the economic reality? I don't see it happening, as both parties would have to admit failure, and Trump has formed a personality cult that won't even hold him responsible for trying to overthrow the government itself because he lost the election, and Democrats are becoming more and more focused on social issues and are being further pushed to the left that there is truly no one left in the middle anymore, especially economically speaking. I sincerely hope we can return to sanity, rationalism, and some form of cooperation, but I just don't know if that's possible anymore. 😔

  • @lahabitaciondelatrapado4621
    @lahabitaciondelatrapado46212 жыл бұрын

    2:20 History is full of examples when that is not the case. The latest is Venezuela. Ot happened quick

  • @paisto
    @paisto2 жыл бұрын

    Let us hope all this theory is correct. Unfortunately one thing is sure: several countries around the world have the same or stronger policy measures that are here used to justify inflation stagflation but are not experiencing it. Caution is requintes and a deeper international comparison.

  • @raybod1775
    @raybod17752 жыл бұрын

    Prices did not “roar back” with the economy, prices roared back because of the Federal Reserve massive increase in dollars in the economy keeping interest rates below real inflation rates. The 8 trillion dollar Federal Balance sheet is double what it was a year ago and is equal to about a third of the entire U.S. GDP. Too many dollars chasing the same amount of goods with decreased productivity. That’s a recipe for disaster.

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    Any advice for your average joe in these hard times?

  • @raybod1775

    @raybod1775

    2 жыл бұрын

    @@marcoAKAjoe Basic financial stuff. If you have credit card debt, roll it all into lower rate personal loans and stop using credit cards if you can’t pay them off every month on time. Try your best to keep up with house maintenance if you have one. Think about the ‘big money’ expenses before spending the money like “do I really need to do this?” Look around and see if you can fit yourself into a better paying job or career. At the same time, try to enjoy life with friends and family. I have a young niece that’s dear to me. I won’t hesitate to help her out financially and value the little time we spend together. Appreciate the good things you have especially with people close to you.

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    @@raybod1775 well said

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    It did roar back from increased consumer spending. I fail to understand how you are so blind to this. Money does not have a mind of its own; it needs consumers to circulate and guess what? inflation is mainly seen on necessities, things people primarily spend money on to survive

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    Monetary viewpoint narrowness. You are all followers of Milton Friedman. Congrats you are bozos

  • @chavruta2000
    @chavruta2000 Жыл бұрын

    the answer is: YES!

  • @kipraymond777
    @kipraymond77710 ай бұрын

    The easy money policies of the 60s and 70s were minuscule by today’s standards. Due to multiple and audacious rounds of Quantitative Easing coupled with thirteen or more years of zero- and negative-interest policies, along with a logarithmic increase in the money supply, we are in uncharted territory. Corporate finance, commercial real estate, and shadow banking are all precipitously leveraged. The regulatory environment is toothless and risk management is a relic of past generations. Equities, bonds, and real estate are profoundly inflated. The Fed must unwind its astronomical balance sheet to reduce self-inflicted inflation and that will require Volcker-era tough love along with a dose of rarely encountered moral rectitude.

  • @falsificationism
    @falsificationism2 жыл бұрын

    #LearnMMT

  • @suwarto3548
    @suwarto35482 жыл бұрын

    Maybe inflation causing fail in cash back,subsidi usually bank ,financial monetering in back so in inflation condition bisa dibalik in front. For example house,home credit,pick up car for farmer,peternak maybe geting ceshback in front ,free paying in front.

  • @jasic40
    @jasic402 жыл бұрын

    Coming back? I did not notice it left.

  • @erickneri7014
    @erickneri70142 жыл бұрын

    As Inflation runs up, I’ll be buying more Bitcoin 😎

  • @marcoAKAjoe

    @marcoAKAjoe

    2 жыл бұрын

    Bitcoin will hardly be accepted... the masses are in too deep.

  • @tioswift3676

    @tioswift3676

    2 жыл бұрын

    No one cares.

  • @thecook8964

    @thecook8964

    2 жыл бұрын

    😆

  • @chadsmith2281

    @chadsmith2281

    2 жыл бұрын

    Facts 🤑🤑🤑

  • @grovestreetpartner4144

    @grovestreetpartner4144

    2 жыл бұрын

    Bitcoin is made by scammers

  • @hector.abrach
    @hector.abrach2 жыл бұрын

    Inflation is already here. They need to raise rates, except they also need to pay the massive debt they have. Higher rates, more to pay. Hence, they will rather let inflation run hot.

  • @daviddavids2884

    @daviddavids2884

    2 жыл бұрын

    lol who is THEY ????? to a degree, 'they' is you and me.

  • @hector.abrach

    @hector.abrach

    2 жыл бұрын

    @@daviddavids2884 "They" is the FED

  • @frankyaku619
    @frankyaku6192 жыл бұрын

    The main reason for inflation in the 1970s was the oil tension caused by the Middle East war.The current inflation is due to a large number of money printing. In addition, due to the epidemic, only China can provide a large number of goods, and China's currency has not depreciated with the dollar

  • @DavidEVogel

    @DavidEVogel

    2 жыл бұрын

    China was the largest exporter to the U.S. before the pandemic.

  • @yonathanrakau7279

    @yonathanrakau7279

    2 жыл бұрын

    suprise suprise

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    Inflation is due to a surge in demand due to the post covid environment and the supply chain issue. China did not depreciate due to Russia's interest in the currency. You are too fixated on money. Milton Friedman was not a real economist. His methods lead to suffering and fake solutions.

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    This abnormal concern about currency value (completely ignoring real assets and the outside world) leads to austerity measures and the poor and only the poor suffer from job layoffs in the end. ENOUGH WITH THE MONETARY POLICY.

  • @Rihardololz
    @Rihardololz2 жыл бұрын

    ''its not happening'' while as today its happening.

  • @MrJohnnyMcLemmon
    @MrJohnnyMcLemmon2 жыл бұрын

    * laughs in Argentina *

  • @Jordan_Benzos_Peterson
    @Jordan_Benzos_Peterson2 жыл бұрын

    I feel like there's a better way to phrase this

  • @m_all_around
    @m_all_around2 жыл бұрын

    All historical patterns show that following pandemics or epidemiological crisis, there has always been inflation ... So we will have some inflation for at least 5 years ...

  • @folk.
    @folk.2 жыл бұрын

    Have been going on for a long time under the cover of shrinkflation

  • @PremierCCGuyMMXVI
    @PremierCCGuyMMXVI Жыл бұрын

    This was the rise of neoliberalism, inflation is scary man

  • @tima4189
    @tima4189 Жыл бұрын

    This didn't age well.

  • @Ru4444
    @Ru4444 Жыл бұрын

    Its june 2022... inflation is at 8.6%.. not 5% as this video indicated.

  • @tomo1168
    @tomo11682 жыл бұрын

    this clip didn't age well :D

  • @Jr2728
    @Jr27282 жыл бұрын

    Raise interest rates to 5 or 6%

  • @nattaphonj956
    @nattaphonj9562 жыл бұрын

    I would challenge Federal reverse to make a gold price down. I will buy physical gold.

  • @AmyLizC1728
    @AmyLizC1728 Жыл бұрын

    Make this video comparison again now as of 7/30/2022 prices for many things have increased since this video was made.

  • @mahadzirabdkarim4800
    @mahadzirabdkarim48002 жыл бұрын

    KEEPING MONITOR THE MANIPULATOR

  • @davidburrow5895
    @davidburrow58952 жыл бұрын

    I really don't think the '70s were that bad of a time economically. Wages were also going up, and you could also put money in the bank and earn a decent amount of interest in a guaranteed account.

  • @suwarto3548
    @suwarto35482 жыл бұрын

    I ever listening in Amerika easy geting credit may be in inflation condition bank can bringing creditor cash back free paying in front. Because in one year time creditur was got much money

  • @MarkDanielLouwe
    @MarkDanielLouwe2 жыл бұрын

    **You're Enough by Carpenters starts playing**

  • @twt000
    @twt0002 жыл бұрын

    People drive giant pickups to the grocery store, don't even open their Amazon packages and the dumpsters are full of sealed Hello Fresh boxes.....and the same people complain about inflation?

  • @pauljohnson8213
    @pauljohnson8213 Жыл бұрын

    This is just silly. If you look at videos about the late 70s inflation it is very similar. All these people are saying "This time is different". No it is not.

  • @ChewieSuarez
    @ChewieSuarez Жыл бұрын

    Looks like the 1970s to me

  • @ik122456
    @ik1224562 жыл бұрын

    It is because of uncontrolled money printing

  • @wokeeye6441

    @wokeeye6441

    Жыл бұрын

    Stop!!!! Let Milton Firedmen rest in his deep grave.

  • @alparslankorkmaz2964
    @alparslankorkmaz29642 жыл бұрын

    Nice video.

  • @michaelowino228
    @michaelowino2282 жыл бұрын

    Hello