Clay Finck chats with Joe Brown about what inflation is, and why it exists in our modern day economy, who the ‘winners’ and ‘losers’ are in an inflationary system, what the primary driver is of the high inflation we’ve seen over the past year, how investors can best protect themselves against inflation, whether stocks are a good inflation hedge or not, unintended consequences of price controls in an economy, and much more! Joe Brown is the founder of Hersey Financial and has over 130,000 YouTube subscribers as of January 2022. Joe provides excellent financial content related to money, the economy, the Federal Reserve, inflation, current financial events, and much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 00:13 - What inflation is, and why it exists in our modern day economy 06:08 - Who the ‘winners’ and ‘losers’ are in an inflationary system 08:48 - What CPI inflation is, and how it’s measured 13:22 - Measuring the true inflation rate 16:31 - Primary drivers of higher inflation over the past year 24:51 - How investors can protect themselves against inflation 39:00 - Whether stocks are a good inflation hedge or not 45:33 - Primary difference in our economy now versus the 1970s 47:21 - Unintended consequences of price controls in an economy 📌 Get your first 3 months of investment management with Titan for zero fees! https://www.titan.com/TIP ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/beat-inflation 📖 BOOKS MENTIONED: - Principles for Dealing with the Changing World Order by Ray Dalio: https://amzn.to/3KZMdFd Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - (MI132) Weathering Inflation With Commodities w/ Tony Greer: https://www.theinvestorspodcast.com/millennial-investing/weathering-inflation-with-commodities/ - (TIP404) The Untold History of Money w/ Joe Brown: https://www.theinvestorspodcast.com/episodes/the-untold-history-of-money-w-joe-brown/ - (TIP410) The Changing World Order w/ Ray Dalio: https://www.theinvestorspodcast.com/episodes/the-changing-world-order-w-ray-dalio/ 💡 OTHER RESOURCES - Check out Joe’s website: https://heresy.financial/ - Check out Joe’s YouTube channel: https://www.youtube.com/c/HeresyFinancial - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.