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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 Action Calls Biden’s SOTU Speech a “Swing and a Miss”
March 1, 2022 Atlanta, GA – Tonight, President Biden delivered his annual State of the Union address. In response, Tea Party Patriots Action (TPPA) Honorary Chairman Jenny Beth Martin issued the following statement: “President Biden’s speech tonight was a swing and a miss. He wants credit from America for ‘getting back to normal.’ It is…
Tea Party Patriots Action Reacts to Durham’s Allegations in 2016 Campaign Spying Scandal
February 14, 2022 Last Friday, Special Counsel John Durham alleged in a court filing that lawyers for Hillary Clinton’s campaign paid a technology company to hack servers in former President Trump’s residence and office and campaign headquarters in Trump Tower — and, later, the White House — to create a false narrative linking Donald Trump…
Inflation Hits 40-Year High, Tea Party Patriots Action Reacts
February 10, 2022 Atlanta, GA – Today, the U.S. Bureau of Labor Statistics released the Consumer Price Index for January. The ‘all items index’ showed a 7.5% increase over the past 12 months, marking a 40-year high. In response, Tea Party Patriots Action (TPPA) Honorary Chairman Jenny Beth Martin issued the following statement: “As inflation…
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