In Episode 1 of Kitco’s Education series, Steve Hanke, Professor of Applied Economics at Johns Hopkins University, explains “beginner” inflation concepts in Part 1 of 2 of the “Inflation for Beginners” lectures.
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0:00 – Professor Hanke’s background
5:42 – What is inflation?
8:54 – Currency devaluation
12:52 – What causes inflation?
16:56 – The strong U.S. dollar
20:06 – How to measure inflation (CPI, PPI, etc.)
32:25 – Hyperinflation
37:48 – Money printing
40:22 – Lessons from history
47:08 – Closing thoughts
#inflation #economics #education
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