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RECENT EPISODE
Sep 18, 2026
Inflation: Wet Streets Don't Cause Rain, and Prices Don't Cause Inflation | Lawrence Reed
Inflation is not rising prices. Rising prices are what inflation does. In this third lesson of a four part economics series, Lawrence W. Reed, president emeritus of the Foundation for Economic Education, walks Jenny Beth Martin through money and inflation from the first coins to the Federal Reserve, and makes one argument the whole way: when a government prints too much money, everything priced in that money goes up, and the grocer who changes the sticker is not the one who did it. Reed starts with what money is, a medium of exchange, a middleman that makes trades possible that barter never could, and why it is different from every other good. Double the supply of shoes and a nation is richer. Double the supply of money and you have only doubled the claims on the same wealth. His coat check ticket makes the point in thirty seconds. Then the history: seashells, wampum, tobacco, cattle and cigarettes; the first standardized coins around 650 BC; Rome pulling the silver out of its coinage; the Constitution's gold and silver clause; and April 1933, when Franklin Roosevelt gave Americans until May 1 to turn in their gold under penalty of a 10,000 dollar fine or ten years in prison. Then the definition. Call inflation rising prices and business gets blamed. Call it an increase in the quantity of money and the question becomes who prints it. Jack Kemp's rule: wet streets don't cause rain. Learn more at teapartypatriots.org and jennybethshow.com.
Stay informed on the most important developments coming out of Congress. Each Monday afternoon—when Congress is in session—Bill Pascoe, our Man in Washington, breaks down what’s happening in Washington, why it matters, and what comes next. Watch, listen, or read the report today!
PRESS RELEASES
Tea Party Patriots Citizens Fund Endorses ROB ADKERSON for Congress
Atlanta, GA – Tea Party Patriots Citizens Fund (TPPCF) Chairman Jenny Beth Martin today released the following statement, announcing that the Super PAC associated with the nation’s largest Tea Party group has endorsed Rob Adkerson for the GOP nomination for Congress in Georgia’s 11th congressional district: “Rob Adkerson is the strong conservative leader Georgia needs…
New Tea Party Patriots Action Poll: Voters Support Funding Security For White House Complex And Want Focus On Stopping Fraud
Atlanta, GA – When he‘s talking about upgrading security at the White House, President Trump is on strong ground politically,” said Jenny Beth Martin, Chairman of Tea Party Patriots Action. “A strong majority of voters agree that Congress has an obligation to fund serious security upgrades to the White House complex, including a secure ballroom…
Tea Party Patriots Action Urges Congress to Pass Reconciliation 2.0, Fund ICE & CBP
Atlanta, GA – This week, the Senate is expected to vote on a budget reconciliation bill that would fund Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) after Congressional Democrats refused to fund the agencies during the normal appropriations process. In response, Tea Party Patriots Action Chairman Jenny Beth Martin issued the…
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