In this episode, host Kevin interviews Dr. John T. Harvey, the "cowboy economist," about inflation and economic policy. Dr. Harvey distinguishes between demand-pull and cost-push inflation, criticizing the Federal Reserve's focus on core CPI while excluding food and energy prices. He challenges conventional thinking about government debt, supports paying living wages despite inflationary effects, and warns about America's short-term economic thinking compared to China's long-term planning. Dr. Harvey argues the Fed has limited ability to control inflation and that misallocation of resources, rather than debt itself, is America's primary economic concern.

(01:47) – Demand-Pull vs. Cost-Push Inflation: Understanding the Difference

(04:39) – Trimmed Inflation Explained: Better Data or Statistical Smoke and Mirrors?

(12:16) – Corporate Profits, Market Concentration, and the Real Drivers of Post-COVID Inflation

(20:44) – The Fed's 2% Inflation Target: Is It Still Realistic?

(30:42) – The Future of the U.S. Dollar, National Debt, and America's Economic Outlook

(41:11) – Quick Fire Round: Inflation Myths, Interest Rates, and What's Next

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