Crash Course Chapter 4: Inflation

Chapter 4, Part 1

If you can understand inflation, you have a shot at understanding how the world works, and where it’s heading economically.

Unfortunately, inflation is almost never taught properly in schools, if at all, and it’s mischaracterized in the press, over and over again.

They all keep talking about inflation as “rising prices” when it’s actually “falling money.” That is money that’s losing its purchasing power.