the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting food supplies and energy supplies those kinds of events can send up prices. we underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. those are the non very kind of inflation though if they have authorities allow it will eventually work itself out after world war two for example the us economy. we forget it today under what a huge transformation from a wartime economy to a peacetime economy for making tanks to making cars those things you don t do overnight eventually the price situation settles down the monetary kind of inflation results when governments or central banks create too much money undermine the value of their currency which leads to all usually rising prices and that is really the more ominous kind dangerous kind because people don t understand why prices seem to be going up for no real rea
covid or the war now undergoing in ukraine, which is affecting food supplies and energy supplies those kinds of events can send up prices. we underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. those are the non very kind of inflation though if they have authorities allow it will eventually work itself out after world war two for example the us economy. we forget it today under what a huge transformation from a wartime economy to a peacetime economy for making tanks to making cars those things you don t do overnight eventually the price situation settles down the monetary kind of inflation results when governments or central banks create too much money undermine the value of their currency which leads to all usually rising prices and that is really the more ominous kind dangerous kind because people don t understand why prices seem to be going up for no real reason and it leads not only to econ
hi mr. forbes. thank you so much for taking the time to do this interview. i wonder if we could just start it really broad because your book obviously is about pressing topic of the day inflation and you define inflation a little bit differently in the book then it s traditionally i think talked about here in america, and i wonder if you could just go through your definition and how how it differs from other definitions. well really as we explained in the book, there are two kinds of inflation non-monetary and monetary the non-monetary kind which affects prices would be an event like such as a drought or the lockdowns that we had during covid or the war now undergoing in ukraine, which is affecting food supplies and energy supplies those kinds of events can send up prices. we underestimated for example with the covid lockdowns how intricate those supply chains were and have huge disruption sending up prices. those are the non very kind of inflation though if they have authori
Budget with a small group of hardliners holding up the process. The Supreme Court seems to have a new public controversy every week. And the upcoming president ial election may mean change coming out of the white house. With all of this, our question for you this morning is about your level of satisfaction with washington. What is your current level of satisfaction with u. S. Politics . We are opening up our regular lines. That means, democrats, we want to hear from you at 202 7488000. Republicans, your number is 202 7488001. Independents, you can call 202 7488002. Keep in mind, you can always text us at 202 7488003. And we are always reading on social media, on facebook at facebook. Com cspan, on x at cspanwj, and you can always follow us on instagram at cspanwj. Americans are once again looking at a possible Government Shutdown in just about a week or so if republicans and democrats cannot come together and get a budget, or at least a shortterm cr, through. With all this coming out o
Washington journal starts now. Host good morning and welcome to washington journal. With a possible Government Shutdown looming, americans are wondering once again about the state of our government. Senators and representatives are trying to find some way to Work Together to come up with a budget with a small group of hardliners holding up the process. The Supreme Court seems to have a new public controversy every week. And the upcoming president ial election may mean change coming out of the white house. With all of this, our question for you this morning is about your level of satisfaction with washington. What is your current level of satisfaction with u. S. Politics . We are opening up our regular lines. That means, democrats, we want to hear from you at 202 7488000. Republicans, your number is 202 7488001. Independents, you can call 202 7488002. Keep in mind, you can always text us at 202 7488003. And we are always reading on social media, on facebook at facebook. Com cspan, on x