Uploaded July 2023 | Updated September 2026, 1 week ago
Tom Hogan has worked at the American Institute for Economic Research, the Cato Institute’s Center for Monetary and Financial Alternatives, and was Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs.
Our Ethan Yang interviewed him and, in the process, Tom debunked 5 widely-held myths about fiscal and monetary policy.
For important supplemental viewing, see: Supply and Demand Explained in 5 Minutes: youtube.com/watch?v=srOWNWspzYw
And for further reading, see the Learn Liberty blog:
We cannot continue to ignore the root causes of America’s debt crisis: learnliberty.org/blog/we-cannot-continue-to-ignore-the-root-causes-of-the-debt-crisis
Five Myths about Inflation: learnliberty.org/blog/five-myths-about-inflation
CHAPTERS
0:00 Intro: Tom Hogan
0:31 MYTH #1: Fiscal policy and monetary policy are the same thing.
2:30 MYTH #2: New dollars are physically “printed.”
5:15 MYTH #3: Centralized banking solves most financial problems — and doesn’t create any.
7:26 MYTH #4: The Fed acts in our best interests.
11:07 MYTH #5: The recent wave of inflation was impossible to predict.
#inflation #fiscalpolicy #monetarypolicy
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org
Tom Hogan has worked at the American Institute for Economic Research, the Cato Institute’s Center for Monetary and Financial Alternatives, and was Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs.
Our Ethan Yang interviewed him and, in the process, Tom debunked 5 widely-held myths about fiscal and monetary policy.
For important supplemental viewing, see: Supply and Demand Explained in 5 Minutes: youtube.com/watch?v=srOWNWspzYw
And for further reading, see the Learn Liberty blog:
We cannot continue to ignore the root causes of America’s debt crisis: learnliberty.org/blog/we-cannot-continue-to-ignore-the-root-causes-of-the-debt-crisis
Five Myths about Inflation: learnliberty.org/blog/five-myths-about-inflation
CHAPTERS
0:00 Intro: Tom Hogan
0:31 MYTH #1: Fiscal policy and monetary policy are the same thing.
2:30 MYTH #2: New dollars are physically “printed.”
5:15 MYTH #3: Centralized banking solves most financial problems — and doesn’t create any.
7:26 MYTH #4: The Fed acts in our best interests.
11:07 MYTH #5: The recent wave of inflation was impossible to predict.
#inflation #fiscalpolicy #monetarypolicy
LEARN LIBERTY:
Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at learnliberty.org
