In this episode I talk with Dr. Jeffery Degner, economist at Cornerstone University and fellow at The Mises Institute, about the impact of inflation on American society. He explains how inflation is the artificial expansion of the money supply and is controlled by the Federal Reserve. This leads to higher prices and the business cycle but benefits the wealthiest asset holders. He describes the United States as having an ‘inflation culture’ and explains how inflation hurts families, working people, and the poor. We explore how it has led to cultural degeneracy, a reliance on debt and credit, rampant consumerism, and other social evils. We discuss the impact of inflation on the church and why Christians should take this issue seriously. 

Media Referenced:

Follow Jeff on X: @DrJeffDegner

Inflation and the Family: https://a.co/d/8FvtJdA

Bob Murphy Interview: https://libertarianchristians.com/episode/ep-215-the-federal-reserve-with-bob-murphy/

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