In this episode, Ian dives into the concept of inflation, referring to it as a "silent tax" that affects everyone. He breaks down the mechanics of inflation, tracing its origins and the impact it has on everyday life. Ian argues that inflation results from an expanded money supply without a corresponding growth in domestic production, rather than corporate greed. He explains the interplay between profit margins and market volume in a free economy, and cautions against government intervention and price controls as solutions to inflation. Instead, Ian advocates for owning assets and supporting sound monetary policies as the best strategies to combat inflation.

• Inflation is caused by an increase in the money supply without a corresponding increase in domestic production.

• Profit margins and volume intersect in a free market economy, and excessive profit margins self-correct as demand decreases.

• Government intervention and price fixing are not effective solutions to inflation and can lead to unintended consequences.

• Owning assets is a way to protect against inflation, and advocating for sound monetary policy is crucial.

• Inflation primarily harms low-income earners, people without assets, and those who save in cash.

00:00: Introduction: Inflation as a Silent Tax

02:24: Understanding Inflation: How Prices Increase

04:21: Causes of Inflation: Increase in Money Supply

06:41: Profit Margins and Volume in a Free Market Economy

08:38: The Pitfalls of Government Intervention

16:45: Protecting Against Inflation: Owning Assets

19:13: Advocating for Sound Monetary Policy

Bestselling author, entrepreneur, and coach Ian Prukner has a wealth of experience creating and growing companies in the finance, real estate, e-commerce, and intellectual property sectors. He has achieved over $4 billion in sales.

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