Common Sense Soapbox | How to Ruin the Economy in 2 Minutes @CommonSenseSoapbox | Uploaded February 2022 | Updated October 2024, 8 hours ago.
On this episode of Common Sense Soapbox, Seamus, Bob, and Sarah are sheltered in place – hungry and eager to get out and work – but Ron isn’t letting them. Instead of producing more food, Ron has the ingenious idea to just give them more shells (money)! Seamus explains why issuing more currency instead of letting people produce is the worst thing you can do.
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CREDITS:
Written by Seamus Coughlin, Sean W. Malone, and Tyler Brandt
Research by Matt Hampton
Animated by Seamus Coughlin
Produced & Edited by Sean W. Malone
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LINKS:
youtu.be/y0gGyeA-8C4
fte.org/teachers/teacher-resources/lesson-plans/rslessons/the-magic-of-markets-trade-creates-wealth
econlib.org/library/Enc/MoneySupply.html
econlib.org/library/Topics/College/inflation.html
fee.org/articles/the-causes-of-inflation
fee.org/articles/inflation
fee.org/articles/inflation-in-one-page
nytimes.com/2021/10/18/business/economy/fed-inflation-stimulus-biden.html
mises.org/library/how-all-extra-stimulus-money-could-lead-price-inflation