What Is Inflation? | The Economic Factor Shrinking Your Money | Neil McIver | Wealth Management
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- Опубліковано 8 лют 2025
- It's been almost 40 years since the world has experienced inflation the way we are experiencing it now. Today, rising inflation poses a severe risk to people's financial future.
But what causes inflation? And how will it affect your wealth? Let's find out with Neil McIver of McIver Capital Management.
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Thanks Neil. There was more honesty there than I can find most places. However, as a lifetime saver, why is a constant 1 to 2 percent inflation deemed to be healthy? My savings have been constantly eroding for 40 years. I've never experienced the benefit of deflation (ie. an increase in the purchasing power of my conscientious savings) nor real mark-to-market interest rates. My only recourse is to be forced into the boom/bust of the "business cycle" created by central planning political (what's a nice way to say "whores?). Why was the installation of a central bank so politically contentious (and arguably unconstitutional) in the USA for its first 140 years? Our governments, banks, and citizens are essentially bankrupt now; thus the need to constantly erode purchasing power (effective vs relative dollar value) to wiggle out of real debt obligations and/or spend beyond one's means without "paying the piper". That's my only critique. The acceptance of perpetual "low-level" inflation without deflationary correction. Relative to a high rate of inflation, it's still death by a thousand cuts for savers, but the intelligentsia tells the central banker guy with the knife to go slowly so the citizens don't notice the bleeding.
Thanks Shawn. We pride ourselves on being honest and direct. We agree with much of your sentiment. Yes, low interest rates, which we have experienced for nearly 40 years, are designed specifically to push capital out of cash and into the economy. Whether you like it or not. Just be happy that we have not experienced the dystopian insanity of NEGATIVE interest rates such as in Europe and Japan. 2% target inflation by central banks represents what they believe as the reasonable balance between manageable price increases, and general economic expansion. We are not sure about the constitutionality of the U.S. Federal Reserve, but for much of the first 140 years of American history a central bank was likely functionally nearly impossible to administer. For the record, we are in favour of 1-2% inflation and low unemployment, but not massive government deficit spending and debt levels reaching extreme levels as they are now. In short, we are not in favour of the mass stupidity which forms the foundation of the flawed Modern Monetary Theory.
Great explanations! Thank you Neil
My pleasure!
Jokes on them, I don't hold any cash. Nah, this was actually really useful! Nice one .
Gas price is up 36% year over year? It's up more than that just since January.
Very informative video. Thank you for sharing your insights Neil!
Glad it was helpful!
Very good your explanation about the two types of inflation, and about the failures of governments, congratulations.