Federal Reserve Bank of Chicago President Austan Goolsbee joins WIRED to answer the internet’s burning questions about the American economy. Are gas and food prices ever going back down? Is the Fed just a private bank or is it owned by the government? What are the best ways to tell if money is real? Answers to these questions and many more await on U.S. Economy Support.
WIRED recommends:
Watch more from WIRED | Tech Support:
#Economy #FederalReserve #America
00:00 – American Economy Support
00:16 – Interest rates are high, but at least there’s billions in the vault
00:56 – Printers gonna print
03:29 – Just filled up my gas tank. AMA.
05:02 – My love language? A sub-5% fixed rate
07:20 – Counterfeit? Just touch Benjamin Franklin’s collar…
08:45 – 80,000lb door, you say?
09:45 – Cheaper credit? Don’t mind if I do
11:17 – Data centers: overheating the economy and atmosphere
12:48 – The Pussycat Dolls and future recessions
14:06 – The Fed, the Illuminati and world domination
16:13 – Surviving on hopes and dreams
19:03 – The economic check-engine light
21:27 – The 2008 recession can stay in the past
22:44 – Repeat after me: “the stock market is not the economy”
24:16 – Sources? Trust me, bro
24:53 – AI and the lump of labour fallacy
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@TonightWeGrill
August 11, 2026 at 7:03 pm
22:00 To say that 2008 wasn’t as bad as we have it today is the most asinine comment I’ve ever heard in my life.
@kevtheobald
August 11, 2026 at 7:03 pm
Goolsbee basically said what is a fact, money is a faith based system and if we loose faith in it, what we will have is just piles of paper. The US Congress has done a horrible job for decades with helping to make the faith of money strong. Instead the wealthy have taken more and probably the biggest single issue is stock options. That is the biggest reason executives end up making hundreds or thousands of times more than the average worker at their company. The flood of money to these executives has given them the ability to takeover governments.
The lobbying system in the US is just a legal bribe system and members of the US Congress have just been soaking it up, for many decades. There was a time when members of Congress would introduce themselves as a representing some corporation. That was prior to the 1930’s. I fear we are heading back to those ways. I guess it is more honest if a member of the US Congress mentions who their biggest financial backer is when introducing themselves.
@rudyoliveira6532
August 11, 2026 at 7:05 pm
Trump said prices would go down on day one….😅
@WhatIsATurtle
August 11, 2026 at 7:12 pm
21:40 dawg we are still in the 2008 recession
@GoldenPickaxe
August 11, 2026 at 7:16 pm
22:42 don’t tell Pyrocynical
@WhatIsATurtle
August 11, 2026 at 7:23 pm
Gold does have inherent value. Go read a book about something other than money and abstract finances. It’s immensely useful in industry and has many uses as catalysts as well as in electrochemistry and countless more fields. If it didn’t have value we wouldn’t have been using it for things for nearly 10,000 years. Every element has a near infinite amount of uses especially ones with less common properties. That being said paper moneys value as a token still has real utility.
@katrinascales8258
August 11, 2026 at 7:34 pm
4:02 help me understand why the fed continues to target 2% inflation year over year when we’ve suffered recent inflation far above that number. What’s wrong with having a couple of years of NEGATIVE inflation? Why can’t prices come down for a change??
@DAKILLAGORILLA
August 11, 2026 at 7:35 pm
Some people the billionaires have not made any sacrifices, or felt any sort of “pinch by the economy” they seem to always spend more when things are difficult for everyone else
@discombob93
August 11, 2026 at 7:36 pm
Is this guy just literally playing dumb for EVERY question? I like the tell he has where he tenses up real hard as he trails off on the more difficult ones.
@Majiger
August 11, 2026 at 7:50 pm
Wages not going is very simple: Union busting. No Union = Employees have zero cards on the table. Employers can choose to abuse employees within a “legal” parameter and all the employee can do is move on to another company. Which is exactly what everyone does. jumping jobs every 2-5y.
@garychristison763
August 11, 2026 at 7:51 pm
The best explanation of how AI could potentially affect the workplace that I’ve heard.
@matthewmckever2312
August 11, 2026 at 7:52 pm
Economics
Tax
Utilities
Law
Moral and ethical sociology
Should be taught at school.
But of course “THEY” don’t want us to know how we are exploited.
@dmc01
August 11, 2026 at 7:52 pm
I like this Money Man
@sladewinberry8283
August 11, 2026 at 8:05 pm
God, this channel is such a gift.
@lettermanstud
August 11, 2026 at 8:26 pm
We are off the gold standard so the fiat is worth nothing as it is only backed by the govt
@mgrowbee
August 11, 2026 at 8:28 pm
This guy sounds so much like Steve Rinella
@andreiciumafaie
August 11, 2026 at 8:33 pm
Time is money and so those big cubes of dollar bills are basically containers of human life, time spent, human productivity preserved by the government in a vault as a reserve. A reserve of time…
@NoopTubeOfficial
August 11, 2026 at 8:52 pm
I hear about him in the news all the time and it’s neat to see him interviewed. He seems like an ok dude and not out of touch with reality or the issues his constituents have.
@JacobStienman
August 11, 2026 at 8:53 pm
Israel needs our tax dollars you selfish Americans
@by9917
August 11, 2026 at 8:56 pm
On gas and food prices this is all fake news. The orange t already solved this on day one.
@camer_n
August 11, 2026 at 9:05 pm
Lmao whoever is directing this can be heard saying “Nice” immediately after almost every response is finished. I don’t think this is caught so much in any other videos
@domwolfram2053
August 11, 2026 at 9:18 pm
Every one of these videos talks about AI now, no matter what topic it’s supposed to be on. So sick of hearing about it.
@shoesandahs
August 11, 2026 at 9:19 pm
Obviously you have never dealt with AI on a phone call. It’s not just employment that’s an issue. It is the fact that we are all forced to deal with machines instead of people. Computers have shown over and over that they can’t deal with subtlety. AI has exactly the same problem. AI will make some things better, just as computers have, but it will force us to spend hours trying to find an answer that a human being could give us in two minutes.
@AC-cg4be
August 11, 2026 at 9:20 pm
Too bad the idiots that need to hear all this will never watch it.
@Krobra91
August 11, 2026 at 9:24 pm
thats why im not opposed to charging millionaires and billionaires a high tax rate, they make their money on the stock market,
and LIKE HE SAID, the stock market is NOT the economy
@quakekatut8641
August 12, 2026 at 4:35 pm
I like this guy … bring him back!
@SnailEater
August 12, 2026 at 4:51 pm
“Stock market is NOT economy. Repeat after me!”
Yes, until it collapses under its own greed, then it’s very much YOUR economies which will bail them out.
@vhol93
August 12, 2026 at 5:17 pm
Awesome one!
@georgemarshall4876
August 12, 2026 at 5:24 pm
He’s missing it on the final point. No invention has ever truly attempted to replace the human mind, our one evolutionary advantage. Put it in multifunctional movable bodies, and hook a hive mind to it, and why do you need workers?
@vhol93
August 12, 2026 at 5:32 pm
Great episode
@dearthditch
August 12, 2026 at 5:45 pm
Problem with counterfeiting is that the US never recalls the old bills. Ever. So you can print all the bills you want in a style before all the newfangled tricks
@WaylandT
August 12, 2026 at 5:47 pm
Spoiler alert, corporate greed is not going to allow anything to go down.
@rja62b
August 12, 2026 at 5:59 pm
he didnt answer the mortgage interest rate question. But basically, only a slow economy will drop it and inflation drops. Which will never happen unless we get another pandemic or we go into a deep recession, which the federal reserve wants to avoid at all costs and would print money to avoid it, further worsening inflation.
@Jus_Kitten_Around
August 12, 2026 at 6:09 pm
8:39 so what he’s saying is you don’t want to use it to put stuff up your nose lol
@erakfishfishfish
August 12, 2026 at 6:10 pm
This guy is a weird combination of John Waters and Jeremy Strong
@camcam7212
August 12, 2026 at 6:32 pm
Meanwhile the minimum wage in my state is still $7.25 an hour 🙃
@RaminM-xe2jl
August 12, 2026 at 6:38 pm
Well in Australia the national minimum wage is $26.44 a hour excluding loading and Superannuation so the U.S. should pay workers more🆗
@leaveitorsinkit242
August 12, 2026 at 6:48 pm
3:30 Bro really said this is a Ginuwine question.
@bssw218
August 12, 2026 at 7:15 pm
Goolsbee has gotten old.
@AshleyCummings-n9w
August 12, 2026 at 7:59 pm
“its not my fault and its been worse so why complain” There, saved other people the 26.5 minutes.
@Alibi0014
August 12, 2026 at 7:59 pm
r/subredditsimulator is entirely bots lol
that was a bot question
@kiery2306
August 12, 2026 at 8:10 pm
Every time this pops up in my recommended I think “where is John Waters’ iconic pencil mustache.”
@djdynieldaniel1395
August 12, 2026 at 8:17 pm
0:42 we keep some.. for ourselves.
@janusofthiswitchscorner727
August 12, 2026 at 8:31 pm
This guy sounds like a politician. He contradicted himself several times. Imagine that 🙄🤦🏻♀️🤮
@zeRneRVoOmetrY
August 12, 2026 at 8:34 pm
22:00 that guy doesn’t think he can play Wii sports right now LOL I played it less than a month ago
@anthonynicoli
August 12, 2026 at 8:57 pm
Why don’t people running the country and the financial system love the people they are elected and appointed to serve?
@K4R3N
August 12, 2026 at 9:18 pm
Took his class at UChicago
@Slop_Dogg
August 12, 2026 at 9:21 pm
oh cool, food prices will never go back down. i’m just gonna jump off a building already. time to die
@Slop_Dogg
August 12, 2026 at 9:21 pm
just blast my brains clean out
@keBur44
August 13, 2026 at 10:53 am
It’s Count da Money. (that’s Mon-ehy)😂
@Nagaash
August 13, 2026 at 11:16 am
It’s telling that he doesn’t cite unrestricted monopoly power as a main driver of inflation.
@timothyclark-sl4il
August 13, 2026 at 11:50 am
F uck Trump and f uck you if you voted for him!
@Enmichelado
August 13, 2026 at 12:49 pm
Basically, the working class doesn’t deserve a good, affordable life…
@ummmjames
August 13, 2026 at 12:59 pm
Trying to explain economics of the housing market right now without mentioning AirBNB / private equity / companies buying up all of the homes for vacation rentals is missing most of the context. Come on, he can’t be that naive, can he?
@jqp9336
August 13, 2026 at 1:10 pm
I want free shredded money confetti, where do I get moneyfetti?
@MrGrombie
August 13, 2026 at 1:11 pm
Billionaires are not our friends.
@BubbaHead1
August 13, 2026 at 1:14 pm
A.I. AND GAS ABSOLUTELY DOESN’T EQUAL 12% INFLATION, RECORD SALES DOESN’T EXPLAIN WHY WAGES AREN’T UP, THE FED NEEDS TO PROMOTE ANTI GREED
@JonRodgers77
August 13, 2026 at 3:07 pm
brillant , very will explained , on all the questions
@AJrcrk
August 13, 2026 at 3:20 pm
90% of new jobs, since 2020, have gone to non-Americans
@ages6592
August 13, 2026 at 3:59 pm
When the inflation was so high and interest rates were lower, people could borrow money for a house and just let the debt get consumed by inflation!
@emilieraffo5177
August 13, 2026 at 4:36 pm
These videos would be so much better with a darker background. Thankfully I have my eclipse glasses.
@periwinckle000
August 13, 2026 at 5:02 pm
Lost me after 4 minutes of acting like inflation isn’t very noticeable
@SgtMStewart
August 13, 2026 at 5:06 pm
Everytime an economist tells you anything.
They’re full of garbage because after the epstien files we all know who runs the world, and Central Banks moves the money and controls things.
So where is the Wired investigation into that?
@kwxl
August 13, 2026 at 5:50 pm
”The stockmarket is not the economy!”
Feels like a loooot of people needs to hear that, especially those in government.
@Odjn-SIN
August 13, 2026 at 6:02 pm
🧃= the real issue.
@brettmueller6867
August 13, 2026 at 6:04 pm
i find it interesting that at 1.5x speed he starts talking like a regular person
@loudandclearmedia
August 13, 2026 at 7:21 pm
I’m surprised the “stripper index” didn’t make his list of recession indicators. Look it up.
@mckenziewoyak9638
August 13, 2026 at 7:45 pm
the layoff rate is low??????? where???? every day there’s news of mass layoffs
@ingesey
August 13, 2026 at 8:07 pm
One question was about the cost of gas AND the cost of groceries. The cost of gas was addressed, but the cost of groceries was not. The cost of groceries has risen over 40% since 2019. Definitely not at 2% a year. 🤔
@aaronbegg3827
August 13, 2026 at 8:16 pm
Why 2%? Why not 2.2%, 1.9%, 2.1%? If its been up to 5% does that mean it needs to be 1% to balance it out?
@mistylee717
August 13, 2026 at 8:18 pm
The problem with the data centers is that we are in a boom. A boom based on speculation. States and municipalities are giving so much to the companies to build them and when the bust happens they can walk away unscathed but the states and municipalities will be left with debt and a skeleton.
@mistylee717
August 13, 2026 at 8:34 pm
18:00 Since the pandemic? Try since the 80s
@mistylee717
August 13, 2026 at 8:42 pm
22:54 – “
You: “the stock market is not the economy”
Me: “say it louder for those in the back!!”
You: “let me say it again…”
Me: 👏🏼👏🏼👏🏼👏🏼
@onerichartist
August 13, 2026 at 8:19 pm
Great guest
@christopherduncan803
August 13, 2026 at 8:38 pm
4:01 Here he is saying they want to devalue at their own rate… how about pushing to deflation to deliberately force prices down so is poor people can pay rent and buy food each month…… This is why the fed needs to come to an end. They don’t care if people are suffering, they want the rich to succeed.
@denisep3976
August 13, 2026 at 9:27 pm
This was really interesting. If this guy taught this as a class, “How to understand the economy” I’d take it.
@SpriteChild-m6n
August 14, 2026 at 9:04 am
Low rate of lay-offs?? He living under a rock??
@shmookins
August 14, 2026 at 9:33 am
Weak questions. Waste of a pro guest’s time.
@ravendunn6486
August 14, 2026 at 9:35 am
Surprised he completely avoided discussing widespread union busting, investment firms like Blackrock buying up all the land, and corporations reporting years of unprecedented record profit steaks for over a decade while underpaying employees. Actually, no, I’m really not all that surprised.
@Alex-07C2
August 14, 2026 at 9:52 am
12:50 – a good recession indicator, as one of the Deus Ex’ side characters said: “Beer’s my favorite financial instrument. It’s true; you can TASTE an economy going sour.”
@groovymarlin
August 14, 2026 at 10:26 am
A lot of what he talked about was really sobering, but I was kind of entertained by what a geek he is all the way through. He seems to enjoy his job!
@Octochinchilly
August 14, 2026 at 10:40 am
6:30 the supply of housing? Build more is his answer? Yeah how about we restrict corporations buying up all the housing for rentals. Sheesh
@matthewsheppard7050
August 14, 2026 at 11:05 am
It is a part of the executive branch. We don’t have a fourth branch of the government. Congress passes laws and the executive executes the laws. Stupid Feds trying to be independent.
@itsmesleepyog
August 14, 2026 at 11:20 am
This guy is a dbag.
@cameronsartore
August 14, 2026 at 11:24 am
This guy just confirmed everything bad most people believe is happening lol
@downward412
August 14, 2026 at 11:34 am
The layoff rate?? Man it seems like there are tons of layoffs this year but…okay…
@griever986
August 14, 2026 at 12:07 pm
Spending is just stable because insanely wealthy people are spending more while everyone else is struggling with groceries. I feel like it was grossly glossed over.
@pezboy715
August 14, 2026 at 12:58 pm
In the discussion of wages vs. prices, he did an excellent job of dancing around corporate greed and billionaires draining the pockets of working-class people. 10/10 would Fed
@Vknze
August 14, 2026 at 12:59 pm
24:55
@zangzow
August 14, 2026 at 1:14 pm
Dear Wired, this series is fantastic. Really appreciate you doing htis and always finding someone interesting to talk about something interesting.
@alsjogren7890
August 14, 2026 at 1:24 pm
Well done Mr. Goolsbee! Well worth the time to view.
@te.enseño.a.estudiar
August 14, 2026 at 1:39 pm
So much talk about prices and wages, and how the amazing American consumer drives the economy (with their wages, of course) and not a single mention of unions. Without unions, there is no balance. People don’t have good wages. They can’t consume. He knows it, too.
@utoo-j2w
August 14, 2026 at 2:19 pm
Awesome! More please! I love it when Austan Goolsbee is on PBS News Hour and other news outlets.
@ethanboulger7026
August 14, 2026 at 2:49 pm
The inflation rate goal is 3.4% annually. Significant increase. Of course it didn’t make headline news.
@joolsca
August 14, 2026 at 4:22 pm
america will not be forgiven for trump unless it actually REMOVES him by impeachment.
@agoogleuser530
August 14, 2026 at 5:12 pm
Finally, an economist that is interesting!
@heirtothethrone2133
August 14, 2026 at 5:21 pm
that was fascinating. i would to see this for world economics. Or candian economics
@creepingcharly
August 14, 2026 at 5:37 pm
Even according to their own charts, inflation was essentially 0 before the Federal Reserve was created…just sayin’
@ianlaughlin85
August 14, 2026 at 6:27 pm
I put all my money in the s and p 500. It grew over 20% over the past year
@SC-sh6ux
August 14, 2026 at 7:19 pm
11:30 GDP is meaningless to a population that does not replace itself. These economic assumptions are out of date.
@tomgio1
August 14, 2026 at 7:22 pm
I love that he knows his s*&t but talks like he’s at the corner bar arguing about last night’s game. 😀
@killingfield
August 15, 2026 at 12:23 am
Let’s make sure not to implicate any of the corporate overlords and their greed as having anything to do with any of this.
@mikethecleric
August 15, 2026 at 1:38 am
They invite a guy who is an expert on economics, and so many of y’all are still peddling slopulist liners.
@thedankinhale
August 15, 2026 at 2:36 am
what are slopulist liners?
@mikethecleric
August 15, 2026 at 11:33 am
@thedankinhale Basically, populist phrases and talking points that you hear in every socialist, communist, or fascist circles. It gets tiresome.
@ISpitHotFiyaa
August 15, 2026 at 3:27 am
A couple points. 1. You don’t want to overprint money because it will lead to inflation? Somebody should have told that to the last Fed chairman. 2. The Fed DOES control the mortgage rates because the Fed buys trillions of dollars worth of mortgage-backed-securities. Purchases that large have an effect on the rate. Or did you seriously think investors were willing to loan people money for 30 years at 2.5% at a time when inflation was close to 10%?
@bonniepinney2884
August 15, 2026 at 3:36 am
If the ink on the shiny number on the bottom right changes green to gold when you move it, its real. Current 10s 20s 50s snd 100s all have this. I’ve never seen a fake bill that can pass this test.
@samaquiaslorta2693
August 15, 2026 at 4:54 am
a super power with it’s citizens complacent is gonna make a hard swing of anti American sentiment for years to come. Y’all need to get it together and stop bullying the rest of the world cause the veil has fallen. The world sees the pig behind capitalism spreading out of the USA. It’s poison
@michaelb1369
August 15, 2026 at 8:34 am
This guy has Jon Gruden vibes
@nena8692
August 15, 2026 at 10:37 am
Has any president ever insisted that he should get a percentage of the money in the vault? Like 99%?
@anthonyhaugen7506
August 15, 2026 at 12:37 pm
12:47 this guy is a champ at using every other word in the text book BESIDES the word “bubble.” It’s not a bubble, it’s a…uh…it’s a competitive economy that is growing extremely quickly and causing an acute accumulation of wealth in one sector of the tech industry.
@xdragonneonx
August 15, 2026 at 2:14 pm
Really should be asking what things will look like in the next 20 years
@sulaimanaljabari
August 15, 2026 at 2:32 pm
16:16 So… what is the solution?
@stephenharper6638
August 15, 2026 at 3:36 pm
He’s a natural teacher
@kalawa4384
August 15, 2026 at 5:44 pm
whats the name of the map he showed?
@thetreeking8001
August 15, 2026 at 8:31 pm
Wow, good thing we don’t have an ongoing oil crisis or things could get really bad!
@peppepondue
August 15, 2026 at 10:33 pm
You know things are bad when members of the FED are directly putting out propaganda videos. Buckle up everyone!
@Jackson-T23
August 15, 2026 at 11:38 pm
4:01 A real world 2% is never gonna happen when every aspect of our lives is profit-driven.
@TheJollyLlama875
August 16, 2026 at 12:25 am
Wired choosing a subreddit simulator question is ludicrous. Subreddit simulator was an experiment using Markov chains. Nobody actually asked that question; it was generated by a bot, and you guys asked it to the head of the Chicago Fed lmao
@geosco1165
August 16, 2026 at 12:25 am
A boycott of gambling woyld fix everything
But thats too much intelligence and discipline for these indoctrinated fools!!!!
@tempo100000
August 16, 2026 at 12:44 am
Anyone that tells you his goal is to make things more expensive is not worth listening to.
@glossaria2
August 16, 2026 at 1:09 am
Data centers are NOT good for the economy, they’re good for billionaires. They’re driving up the cost of basic utilities like water and electricity in the areas they’ve been built, because local/state governments are giving data centers a free pass and passing the costs on to the locals instead. (Not even mentioning the sound and environmental pollution they create.)
Stop building data centers and build more houses. Sheesh.
@BradC44
August 16, 2026 at 9:24 am
40 trillion in debt. Yeah keep printing money. Jeez! This guy is so far out of touch with reality.
@F0XRunner
August 16, 2026 at 9:37 am
Imagine just strolling out with one of those $40M money carts
@Caveman7091
August 16, 2026 at 1:46 pm
“Nice” 3:29 5:02 11:17
@Yungcrawfish
August 16, 2026 at 1:48 pm
Everything is futile
@PhukYu2
August 16, 2026 at 3:50 pm
The cost of everything is increasing.
The value of the dollar has stagflated/deflated.
Wages/salaries have flatlined/stagflated/deflated.
People blame the working class instead of the economic policies/wealthy elites.
@PhukYu2
August 16, 2026 at 4:00 pm
Between ghost jobs and the lying about the TRUE unemployment rate…
that U6 rate is a fake indicator 🙁 and of course ghost jobs
@I_report_scammers_spammers
August 16, 2026 at 5:00 pm
These answers are great
@donaldspaulding6973
August 16, 2026 at 6:52 pm
The Federal Reserve independent?🤣 Did you know Rump put one of his buddies who is also in the Epstein files in as chief? I guess not.
@thedr8993
August 16, 2026 at 9:45 pm
17:40 it’s very funny he doesn’t mention monopoly, oligarchy, billionaires, and wealth inequality. Gary Stevenson says hello
@slicer940
August 17, 2026 at 1:10 am
He completely dodged the “will prices go back down” question. You can tell these people don’t care if it does or not.
@johnpetersteiner6051
August 17, 2026 at 12:56 pm
He answered it. Prices don’t necessarily go down; they just do not increase as fast as they were.
@GenRN
August 17, 2026 at 3:02 am
Wages not rising? Minimum wage is $7.25. Thank you Republicans.
@kennethlanning4694
August 17, 2026 at 6:35 am
Having 10% of the population control 70% of the wealth doesn’t help on anything with wages and costs, either…it’s not complicated – make the federal minimum wage $25 and start a corporate profit cap and a cap on corporate leadership wages / benefits.
@otis2241
August 17, 2026 at 4:05 pm
That’s what we need, more government power
@kennethlanning4694
August 18, 2026 at 1:06 am
@otis2241 I think the gov needs to back off of everything not directly related to actual federal regulation and the constitution; problem is the stuff they SHOULD be regulating isn’t, and the stuff that shouldn’t be regulated is encapulated in so much legal and regulatory BS that it would make most peoples’ heads spin.
@otis2241
August 18, 2026 at 6:03 am
@kennethlanning4694I agree on smaller government fs
@chryztina.nights
August 17, 2026 at 7:55 am
😂man,he is humorous & harsh. However, this is the most useful video for my life I’ve seen in years. Bravo.
@Lechron
August 17, 2026 at 9:29 am
probably unjustified and due to the influence of our failing government but i do not trust a president of a federal reserve bank to have the american peoples interest at heart.
@kreamowheat
August 17, 2026 at 9:42 am
ahhhh… so all banks are just middlemen cashing in on us normal folks not having access to an entity our taxes pay for already? got it.
@phoenix2434
August 17, 2026 at 12:43 pm
“Inflation isnt all bad” says the rich, when us poor people can barely get an apartment or rent a house
@steelguitar8587
August 17, 2026 at 1:37 pm
Why would gas prices EVER go down? You need gas, you’re gonna pay whatever billionaire capitalists feel like charging.
There are solutions, but YouTube doesn’t like them.
@SkiDaBird
August 17, 2026 at 1:48 pm
This was great. The FRB are fantastic and we could not do it without them in the credit union world.
@TraaaaaasshBooooaaaatttt
August 17, 2026 at 2:03 pm
23:34 because there’s 20 million less people to pay. Ergo, the company gets to keep more of its money, therefore higher profit on the books
@1r15h4n0n
August 17, 2026 at 4:47 pm
17:24 yes, you had covid driving up the cost of stuff. However, the disruption was temporary. The price increases are always permanent. You should have an explanation for why that is, but nobody can give you one that doesn’t amount to “greed took over.”
@tinageekbeta
August 17, 2026 at 6:17 pm
“THE ECONOMY IS NOT THE STOCK MARKET.”
@ApostateAZ
August 17, 2026 at 6:40 pm
Inflation target should be 0%. It is just a tax on stupid people.
@DTreatz
August 17, 2026 at 7:22 pm
Amazing how everything can always go *UP* in price, but never *DOWN.*
Sounds like we need a _”great reset”_ on the people running the world….
@nitrostatus
August 18, 2026 at 12:56 am
Isn’t money made out of denim?
@winklertribe5268
August 18, 2026 at 8:20 am
He’s “hopeful” that AI will just change jobs and not take jobs— he’s leaving out the fact that corporations are completely unrestricted these days and the economy is in the toilet because our government is so pro- business that corporations have more rights and benefits than the citizens! We have solid proof in our current president and his cronies that corporations need regulation!
@jerryp6001
August 18, 2026 at 8:26 am
24:40…”…always accept US dollars in payment…means that our dollars will always have a value as long as you think that the government is not going to inflate them away or monetize the debt”.
Yeah…..and we don’t think that?
@psikeyhackr6914
August 18, 2026 at 9:50 am
Are Economists ever going to figure out Planned Obsolescence and talk about Demand-Side Depreciation?
@pinerider19
August 18, 2026 at 9:57 am
What would it take to get Dr. Mark Thornton on this channel, and answering questions?
@mr.durden5878
August 18, 2026 at 10:45 am
Basically the one thing he said that made sense was: stop consuming in order to stop inflation
@aaroncolbert3866
August 18, 2026 at 10:57 am
I feel like I remember “Fednow”? Passing several years ago when Biden was still in office. The premise being legalizing the legwork for a digital currency shift in the US? I’d be interested to hear more about this, if there’s any truth to it and if we should be worried of similar situation as China and their money.
@wendull811
August 18, 2026 at 12:05 pm
Never has my income gone up 20 percent. The most I have ever seen is 5 percent.
@ObeseWizard
August 18, 2026 at 12:14 pm
Using SubredditSimulator posts is hilarious 😂
@Alberto_Tankovachi
August 18, 2026 at 3:13 pm
“Yeah, it kind of is.” *pulls out a remarkably similar photo to the robed elder image I had in my head*
@WilliamCarterII
August 18, 2026 at 9:03 pm
“why are housing prices so expensive?”
Me, and anthropologist focused on political economy: “Because the capitalist class decided how much housing should cost and restricted the building of more housing.”
@dkdisme
August 18, 2026 at 9:41 pm
Prices going up is not a problem as long as wages go up – and, since 1973, they don’t, compared to inflation.
@houseoft.j.1485
August 19, 2026 at 6:36 am
When I read palm beach and arrested I thought “No way palm beach Pete is actually epstein and just got caught.” I just woke up. Lol
@Anewshutz01
August 19, 2026 at 9:19 am
Everything sounds not good lol
@uniscorch
August 19, 2026 at 3:14 pm
I love that he has the “illuminati” photo, but also I wish the government wasn’t so obviously old white men lol
@tiagoj8020
August 19, 2026 at 4:34 pm
0:45 “safe keeping”
@tiagoj8020
August 19, 2026 at 4:38 pm
3:58 it’s all bad man.
@wiggedywacked
August 19, 2026 at 4:47 pm
Saying that technology has not lead to total unemployment before so it’s impact on employment isn’t something to be concerned about is a bit like saying we haven’t destroyed ourselves yet, so why bother worrying that we might? It strikes me as myopic thinking.
@hooplax3
August 19, 2026 at 6:42 pm
Riddle me this… what incentive does anybody have to lower the price of anything?
A couple years ago an item could have been $2.99, today that same item is most likely a little smaller quantity and now cost $6.59. People are still ‘able’ to buy that item. This time next year, it’ll be $7.80. People will still be ‘able’ to buy that item. A while longer it’ll be $9.15 and then nobody is ‘able’ to buy it. They’ll lower the price to $8.79 and say “new low price for said item!” and that will be the price for a while.
@cannongardner2658
August 19, 2026 at 8:13 pm
COVID really screwed everything.
@RainDaddy
August 19, 2026 at 9:54 pm
17:05 I can answer this question for you. Easy Peezy. Rich people got greedy and the profits only floated up, not down to the employees. Later in the video you explain if you put more money in the consumer hands it means a better economy. Obviously the rich don’t care about that.
@DarthObscurity
August 19, 2026 at 10:17 pm
It IS all bad!! 4:03
I seriously hate wealthy people. We need a hard reset ASAP. So out of touch with reality that it’s sickening.
@DarthObscurity
August 19, 2026 at 10:32 pm
Could we please ignore the growth of CEO and executive wages so that you tards can see that 99% of us are living with less every year and wages literally NEVER outpace inflation? 18:16
@DarthObscurity
August 19, 2026 at 10:36 pm
The dollar has value because we have no choice, it has absolutely NOTHING to do with trust. Most of us don’t have confidence that the government ‘isn’t going to inflate the value of money away’ because that’s literally what they are doing.
@bikerktmktm21x
August 20, 2026 at 1:58 am
I had to stop at number 2. Fed is 100% tied to political trash. they are heavily pressured by admins either left or right and they will follow direction. The reserve is 100%, back handed controlled by any current admin.
@ericj076
August 20, 2026 at 10:12 am
These videos are the best and this is another excellent one.
@Vaporizer_YT
August 20, 2026 at 2:05 pm
Not 1 mention of debt btw
@safewaycart
August 20, 2026 at 6:00 pm
24:10 let the stock market crash and then ask me if maximising employment and stabilizing prices has nothing to do with the stock market