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Lessons - How Excessive Money Printing Can Backfire | David Morgan - Founder of the Morgan Report
Apr 27, 2024
David Morgan, Founder of the Morgan Report, discusses the challenges of rising prices and stagnant wages facing the middle class. He delves into the limitations of printing money and the potential pitfalls of inflation. The episode explores the concept of stagflation and its impact on wealth inequality.
06:23
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Quick takeaways
- Middle-class faces challenges with rising costs and stagnant wages in major cities.
- Printing money as a solution can lead to inflation, reducing purchasing power and worsening economic conditions.
Deep dives
Impacts of Economic Conditions on Middle-Class Affordability
The podcast episode delves into the impacts of economic conditions, specifically focusing on the affordability challenges faced by the middle class. It highlights examples like the inflated housing prices in major cities such as Toronto where an income of $200,000 is considered required for middle-class status. The discussion touches on the implications of stagnant wages and the increasing cost of essential goods like food and energy, leading to a squeeze on the middle class. The episode emphasizes the potential long-term effects on the middle class due to these economic dynamics.
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