What is deflation? U.S. Treasuries expert Lacy Hunt explains how money's buying power changes.

Lacy Hunt Ph.D. is an internationally recognized trader in U.S. treasuries. He understands how the Federal Reserve creates and distributes money. He works at Hoisington Investment Management Company (HIMCo) and produces a newsletter read by commodities traders and large investors around the world. We discuss how the economy works in real terms. I learned more in this one hour, than my graduate level economics courses. 5:00 Is inflation obvious? 11:55 Disinflation vs deflation 16:22 Population Decline 19:03 The debtor will be worse off 22:55 The output gap 25:26 Why can't we print ourselves of deflation? 32:06 Interest rate vs spending printed money 36:33 Lacy Hunt's investing advice for his family 40:16 Confidence in the long run 43:12 What does giving money directly to the consumer do to the economy? 45:27 Looking at the short term Buy Dr. Lacey's Book: I learned about the difference between "printing money" and the Federal Reserve Selling Treasuries. He discusses how US Treasuries puts money into the system through sales of treasuries, and talks about how the British did the opposite and printed money to put into the economy. He discusses his opinion that we run the risk of deflation now that more money is being added into the system. He described how the economic pressures already in the economy before Coronavirus will be exposed as a function of certain business practices. Find their website- it may look old enough to have shag carpet, but there are a lot of intel