Inflation Today: Causes, Consequences, and Lessons-Will Luther

The AIER Standard

Jun 12 2022 • 47 mins

On this episode of the newly rebranded AIER Standard, formerly the Authors Corner, Ethan Yang speaks with Will Luther on the hot topic of inflation. Will Luther is the Director of AIER’s Sound Money Project and an economics professor at Florida Atlantic University. During this conversation, Will explains the causes and consequences of today’s inflation. In particular, this interview outlines the role of the Federal Reserve in managing, in this case mismanaging, the money supply and how that leads to detrimental price increases. Next, he offers comments and criticism on the policy direction America’s central bank took during the Covid-19 pandemic while responding to competing explanations about inflation today. Finally, he outlines what optimal monetary policy looks like and how instruments like the gold standard could aid in the maintenance of sound money. Throughout the conversation, Will offers insight into the lessons everyone can take from the otherwise troubling case of inflation today.