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Inflation & How We're Being Deceived – Tom Wheelwright & Ryan Bourne

The WealthAbility Show #181 :

Join Tom Wheelwright as he discovers whether business or the government is the root cause of inflation with guest and author of "The War on Prices" - Ryan Bourne.

Ryan A. Bourne occupies the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato Institute and is a columnist for The Times (UK). He has written on a variety of economic issues, including fiscal policy, inequality, price and wage controls, and infrastructure spending, and is the author of Economics in One Virus: An Introduction to Economic Reasoning through COVID-19. He has extensive broadcast and print media experience and has appeared on CNN, CNBC, BBC News, Sky News, and Fox Business Network.

In this episode, learn more about our macroeconomic policies and how they affect our microeconomic situations for ourselves and our business; and get a deeper look at the complexities of inflation so you can mitigate its impact in the election and years to come.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro.
03:05 – Imbalance of supply & demand equals inflation.
06:48 – The Pandemic: What was the breaking point?
09:25 – The bigger story behind monetary policy.
11:39 – What kept inflation low during the financial crisis of 2008-2010?
14:24 – Does consumer spending impact inflation differently than investment spending?
17:17 – How do businesses combat the misinformation and prejudice against small business?
23:17 – The future of taxes and its impact on the market, inflation, and economy.
Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/
Looking for more on Ryan Bourne?

Website: https://www.cato.org/people/ryan-bourne, https://www.cato.org/books/war-prices
Books: “The War on Prices"
X / Twitter: https://twitter.com/MrRBourne
Substack: https://ryanbourne.substack.com/
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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.

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