Dissecting Inflation: What It Is and What Causes It

[03:22] The functional definition of inflation

[04:25] The problem with demand and supply

[08:11] The problem with printing money

[08:52] The “too much money” part of the inflation equation

[09:52] The “too many people” part of the inflation equation

[11:26] The “too few goods” part of the inflation equation

[12:06] How the COVID-19 pandemic impacted global supply chains

[13:19] How China’s lockdowns are affecting global supply chains

[14:33] How the pandemic affected meat prices in the U.S.

[15:11] How the war in Ukraine is affecting corn, fertilizer, and gas prices globally

[17:49] Why inflation is a supply chain issue

[20:12] How the Federal Reserve plans to control inflation

[21:32] How raising taxes can help lower inflation

[22:35] Why gold and silver are poor inflation hedges

[24:52] Two ways to hedge against inflation