Lesson 3: WTF is Inflation?
from The Jack Mallers Show Hosted by Jack Mallers
In this episode Jack breaks down inflation from first principles. What it actually is, how it works mechanically, why mainstream economists claim it's a good thing, and why that claim is offensive. He walks through the 1970 cost of living vs today, explains why inflation is uneven and who benefits first, dismantles the idea of a single "inflation rate," and lays out what life looks like on a Bitcoin standard in the age of AI.Join the revolution: https://strike.me/Chapters: 0:00 Introduction0:29 The Experience of Inflation1:42 What Changed After 19713:37 Keynesian Economics Says Inflation Is Good6:12 The Hard Money Response8:52 The Mechanics of Inflation11:59 The Corn Analogy13:14 Credit Can't Create Real Resources15:51 Inflation Is Uneven — Who Gets the Money First19:49 There Is No Single "Inflation Rate"24:42 Who Wins and Who Loses27:54 Life on a Bitcoin Standard30:54 Bitcoin and AI: An Abundance of Resources34:46 Fixed Money in a World of Innovation36:39 Why the Bull Market Hasn't Even Started37:12 No Man Should Work for What Another Man Can Print
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