InFi: The Future of Finance

Dr. Robert P. Murphy

130 episodes

EP 149

The Connection Between Government Budget Deficits and Inflation

Bob uses a recent tweet from Steve Keen to weigh in on an old controversy. Government deficits don't cause price inflation per se, but they often encourage the central bank to create more money, which is inflationary.

Steve Keen (X) > Professor Steve Keen X post
Mises Institute > Making Economic Sense — Murray N. Rothbard (PDF)
Mises Institute > The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy — reviewed by Robert P. Murphy
YouTube > Price Inflation: Corona vs. QE | Robert P. Murphy
Review of Austrian Economics > Debunking Economics by Steve Keen — reviewed by Robert P. Murphy and Gene Callahan

About the Show

Where economics meets innovation

Hosted by Dr. Robert P. Murphy — American economist, author, and Chief Economist at infineo — InFi explores emerging trends in finance, life insurance, asset management, and technology.

Each week, tune in for dynamic discussions with business pioneers about the forces shaping modern finance. New episodes drop every Thursday.

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InFi: The Future of Finance

Unpacking Trump's Trade Embargo Warning to the Federal Reserve

The Pros and Cons of the Treasury Long-Bond Buyback

The Yen Bailout Shows the Failure of Keynesian Policies

Can Capitalism Work in a Finite World?

The Connection Between Government Budget Deficits and Inflation

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The Myth of "Wildcat Banks" in US History

Alex Tabarrok on the Economic Analysis of Crime

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Shaking Up Brent Johnson's Commentary on the Triffin Dilemma

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Jack Farley on Why Money Matters and the Contribution of the MMT Camp

Alex Tabarrok on the History and Economics of Life Insurance