Takes it the way im austrian and im also austrian in the economic sense of terms and the Austrian School of economics defines inflation this this. 2 is an increase of the money supply if im pick money supply if you talk about Price Inflation len we again have to specify what the Price Inflation are we talking about are we talking about i guess a Price Inflation are we talking about consumer Price Inflation and so on well i mean this duty is inflation i agree to do that different issue and apparently we have seen price deflation which is usually what people refer to when they call the focus of the inflation or Consumer Price deflation we have seen apparently but if you ask me i really do not see it im sorry so it lists the east side of the atlantic with a few weeks perhaps who have a few prices went low a little bit but. If you go into the supermarket groceries in my view just going to one the rich and thats is up so inflation is already creeping up even in the end the Consumer Price le
So were talking to mark malloch about this and mark i want to ask you gold as gong supernova again and its one of the best performing assets of 2020 so far how high does this go and is the price of gold an indictment of the front cover of the economist magazine free money. Yeah well the real question probably is not how high is gold going but holo its the dollar and all of the fear currency is falling and thats i think what were seeing in these this fall has been accelerating recently as you said and. To the moon i think its got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently in the small calculation so the fed expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 33000700. 00. 1000 miles and this is a chilly. 20 light seconds high so this is actually several times the distance to the moon a
Accelerating recently as you said and. To the moon i think ive got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently and that the small calculation so the feds expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 3003700000 miles and this is a chilly. 20 light seconds high so this is actually several times the distance to the moon and this was just created out of nothing within a few weeks and thats i think the real problem which we are facing and and people are awake. Up to this problem and i think thats a very interesting time when good analogy there with the staples and all that stuff its amazing when you put these graphics and you look at them how really incredible trillions and trillions of dollars as now of course gold has been making new all time highs against just about every other cu
Forefront of this, so the book became a story about that point. Susan how did the idea come to you for telling this story . Jeff this is my 22nd book. What i try to do is go everywhere the people i write about went. Id rather drive, and that way you really get a sense of place. Somewhere along the line in the 30,000 or so miles i drive every year i started wondering how we got to be a country, a culture where we take for granted we are going to get in a car and go everywhere we want to. Since i did not know, i thought it would be a good idea to write a book about that. As always happens when you look into history, there is more to it than you ever expected. Susan your book begins and ends with someone thats a minor character in the book by the name of jep bisbee. We are going to show his picture on screen. Who was he and why was he interesting to you . Jeff one of the things that struck me as i researched the book was how the vagabonds, for ford, edison, whatever friends might be with
The u. S. A recent gallup poll found one fourth of americans say they or a Family Member delayed treatment for a serious medical condition because they couldnt afford it. Thats where volunteer health clinics, like remote area medical or ram are stepping up to fill the gap. Ram, and its volunteer doctors, have provided more than 785 thousand patients with free medical care since 1985. And the number of individuals served has more than doubled just in the last six years. At a recent twoday clinic in suitland, maryland, near washington, d. C. , people lined up outside in the cold waiting for care and once inside, they were grateful for the help. At least somebody cares. With the big government, they dont care. Especially if you cant afford it. You go to a hospital, which ive had many times, and i get these outrageous bills. But i have to go to the hospital. I dont have a choice. Soledad jeff eastman is the ceo of remote area medical. Thanks for joining me. Walk me through how it works. Ho