Published on May 27, 2013 by Cambridge House
Dr. Michael Berry testifies in front of the U.S. Federal Reserve twice/year. In this interview he discusses his perspective on where Chairman Ben Bernanke is taking the Fed. Taped in Vancouver at Cambridge House International’s World Resource Investment Conference.
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What do you mean WANTS? They’ve already given it to us.
The term “inflation” refers to an increase in the money supply. Most people interpret it as “higher prices”, but that’s really the result of inflation, not the definition.
The God-only-knows quantity of money recently created must result in higher prices as the laws of supply and demand devalue the dollar (more dollars means each one suffers from decreased value, so more of them are needed to buy any given object), but it takes a while for that to result in higher prices.
Money – Just pixels on a screen, add and subtract with the push of a key