The Most Insidious Tax – Tom Wheelwright, Carola Binder

Join Tom Wheelwright as he discovers the momentum behind inflation with guest, economist, and author of "Shock Values: Prices and Inflation in American Democracy" – Carola Binder. Carola Binder is a nonresident fellow at the Hutchins Center on Fiscal and Monetary Policy and an associate professor of economics at Haverford College, where she teaches courses in macroeconomics and monetary policy. She holds a Ph.D. from the University of California, Berkeley. Her work focuses on inflation, expectations, monetary policy, and economic history. She is a research associate of the National Bureau of Economics Research in the Monetary Economics group. She has published research in journals including the Journal of Monetary Economics, American Economic Journal: Macroeconomics, Journal of Money, Credit, and Banking, and Review of Economics and Statistics. Binder is an associate editor at two journals, the Review of Economics and Statistics and the Journal of Money, Credit, and Banking. She is also on the Advisory Panel of the Catholic Research Economists Discussion Organization.

In this episode, learn the root causes of inflation in the recent years, who is responsible for this economic paradox, and if your business is inflation-proof.

Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at:

00:00 – Intro.
03:24 – Why does the Fed want inflation?
07:53 – Definition of inflation.
11:42 – Understanding monetary dominance.
13:54 – Government vs. The Feds
17:43 – Cause and effect in voting, debt, and wages.
22:13 – Have wages kept up with inflation?
26:11 – Consumers vs. "Greedy Companies"
28:00 – Inflation & The Election. 34:00 – Will we see price controls?

Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax.

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Looking for more on Carola Binder?
Website: Books: "Shock Values: Prices and Inflation in American Democracy" X / Twitter: @cconces
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