Rising prices are caused by monetary inflation, not greed.
The speaker of the video, Ryan McMaken, argues that the recent rise in prices is due to monetary inflation, which is the increase in the money supply. He criticizes the claim that greed is the cause of inflation, citing the fact that prices have been rising steadily for over a decade, even before the pandemic.
McMaken points out that the money supply has increased by 185% since 2009 and by 32% since early 2020. He argues that this increase in the money supply is the direct cause of rising prices.
He also criticizes the claim that there is not much inflation, citing the fact that food prices have increased by 26% in the past four years. He argues that the real cause of rising prices is the government’s policy of money printing.
McMaken concludes by calling on elected officials to stop printing money and to address the real cause of inflation.
Summary generated by Gemini.
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