The David Lin Report What Will Trigger The Next Great Depression? | John Tamny
Nov 19, 2025
John Tamny, Editor at RealClearMarkets and president of Parkview Institute, dives into economic growth and inflation dynamics. He argues that dollar devaluation is the root cause of inflation, while growth can actually lower prices. Tamny critiques the misconception of deficits as crises, labeling them 'deficit delusions.' He offers insights on how wealth creation democratizes goods and discusses the risks of a weak dollar. With a focus on low taxes and fewer regulations, he outlines his vision for sustainable growth and warns against government interventions leading to a potential depression.
AI Snips
Chapters
Books
Transcript
Episode notes
Inflation Is Currency Shrinkage
- Inflation is a shrinkage of the currency, not merely higher prices caused by growth.
- Government can only redistribute existing money, so handing out $2,000 won't create net new demand, John Tamny argues.
Growth Lowers Prices, Weak Dollar Raises Inflation
- Economic growth, Tamny says, reflects rising productivity and often accompanies falling prices.
- He identifies dollar devaluation as the primary driver of higher measured inflation going into 2026.
Rich Entrepreneurs Raise Mass Living Standards
- Wealth creation by the rich often democratizes goods and raises living standards for many.
- Tamny argues services from Amazon, Apple, and others expand access and opportunity, countering the K-shaped narrative.
