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The Intrinsic Value Podcast - The Investor’s Podcast Network
MI Rewind: How to Beat Inflation w/ Joe Brown
Nov 3, 2023
In this episode, Clay Finck chats with Joe Brown, an expert on inflation and its impact on the economy. They discuss topics such as what inflation is and why it exists, how investors can protect themselves against inflation, winners and losers in an inflationary system, whether stocks are a good inflation hedge, and the unintended consequences of price controls in the economy.
57:57
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Quick takeaways
- Expansion of the money supply is the primary driver of inflation.
- Inflation causes a wealth transfer from the poor to the rich, benefiting asset owners.
Deep dives
The Expansion of Money Supply and Its Impact on Inflation
A key driver of inflation discussed in the podcast is the massive expansion of the money supply. The M2 money supply has increased by 40% since pre-2020. This surge in the supply of money has led to a surge in demand without a corresponding increase in supply. As a result, shortages have emerged in various areas, as there wasn't sufficient production to match the sudden increase in demand. While factors like supply chains and labor shortages are often pointed out as causes of inflation, they are seen as symptoms rather than underlying causes. The episode emphasizes that the expansion of the money supply is the primary driver of inflation.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode