5 Fiscal Policy Myths DEBUNKED

Tom Hogan has worked at the American Institute for Economic Research, the Cato Institute’s Center for Monetary and Financial Alternatives, and was Chief Economist for the U.S. Senate Committee on Banking, Housing, & Urban Affairs.

Our Ethan Yang interviewed him and, in the process, Tom debunked 5 widely-held myths about fiscal and monetary policy.

For important supplemental viewing, see: Supply and Demand Explained in 5 Minutes

And for further reading, see the Learn Liberty blog:

We cannot continue to ignore the root causes of America’s debt crisis

Five Myths about Inflation


0:00 Intro: Tom Hogan

0:31 MYTH #1: Fiscal policy and monetary policy are the same thing.

2:30 MYTH #2: New dollars are physically “printed.”

5:15 MYTH #3: Centralized banking solves most financial problems — and doesn’t create any.

7:26 MYTH #4: The Fed acts in our best interests.

11:07 MYTH #5: The recent wave of inflation was impossible to predict.