** The Costs of Inflation and the Myth of Wealth Disparity with Dr. Steve Horwitz **
Dr. Steve Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University. He blogs at www.CoordinationProblem.org.
Is Inflation just a rise in prices?
Are the rich getting richer while the poor get poorer? These are two major fallacies promoted in the Press and believed by many.
Can you believe that there is more to the story than you hear in the Main Stream Media?
Inflation involves an increase in the money supply, and as you’ll come to understand it can have major effects on you, your income, your savings and the entire economy.
Inflation of the Money Supply along with the Central Bank’s manipulation of Interest Rates creates false signals that ripple outward, unevenly, benefiting a few at the expense of the rest of us. THIS is the real "disparity". We’ll see where it comes from and how it works.
But is the divide between the poor and the rich – in terms of Wealth – all that great? Dr. Horwitz debunks many of the myths surrounding "wealth inequality".
Did you know that many goods are cheaper, of higher quality, and in more abundance for the poor than ever before? We’ll see why!
Tune in to this broadcast to find out how a system of Centralized Money Creation and Non-Market Determined Interest Rates lead to massive distortions in the economy, as well as Why Wealth isn’t as skewed as you commonly hear it is.
With Show Creator and Guest Host Drew Hjelm.