If you're on this distribution list, you likely have downloaded a free copy of my e-book, It's the Fed, Stupid. If not, got to itsthefedstupid.com, enter your e-mail address (the software will scrub out the duplicate e-mail so you don't start getting duplicate e-mails from me) and download it. It is well worth the read, if I do say so myself.

One of the chapters is titled, "How the Fed Steals for the 1%." A lot of people might be inclined to believe that one of the negative consequences of the Fed's activities - rising consumer prices - hurts everyone equally. But it doesn't. 

Yes, it's true that rich and poor alike pay higher prices for food, energy, textiles, etc. But those aren't the only prices that go up. The assets held by the rich (and largely not owned by people in the lower income brackets) also go up, making their owners richer. 

All lower income earners get is the higher prices and thus lower real wages.

This may not be news to anyone sympathetic to the Austrian school of economics, but what we fans of the Austrians also know is that the Austrian school rejects the use of mathematics and modeling to construct their theory, insisting that conclusions about human action can only be arrived at a priori.

But what about using empirical methods to prove Austrian theory after the fact? Well, guest on today's episode of Tom Mullen Talks Freedom has acquired the skills to do so and joins me today to discuss his latest work on inflation and how it disproportionately hurts the "working man." 

For all you "show me" types, whether from Missouri or not, I have links to Thomas' work on the show notes page. 

I have several articles for my Patreon and Substack members in the works, but got a little sidetracked this weekend with a bug that had me watching Sherlock Holmes movies in bed instead of working. But they will be forthcoming over the next few days.

As always, thank you to all of you supporting my efforts here at Tom Mullen Talks Freedom. 

Tom