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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 Urges Congress to Reject Debt Ceiling Deal
Atlanta, GA – Over the weekend, President Biden and Speaker McCarthy brokered the Fiscal Responsibility Act to resolve the debt ceiling standoff. In response, Tea Party Patriots Action (TPPA) Honorary Chairman Jenny Beth Martin issued the following statement: “The debt ceiling deal is a rotten deal for Americans, and every Member of Congress should vote…
Tea Party Patriots Action Reacts to Durham Report, Thanks Jordan for Launching Congressional Hearings
Atlanta, GA – On Monday, Special Counsel John Durham released his long-awaited report slamming the FBI’s handling of the Trump-Russia probe. Durham concluded that the FBI never should have launched a full investigation into Trump’s campaign, while also concluding that the FBI engaged in “disparate treatment” between the Trump and Clinton campaigns. In response, Tea…
Tea Party Patriots Action Urges House to Pass H.R. 2, the “Secure the Border Act”
Atlanta, GA – Today, the House is expected to vote on the “Secure the Border Act,” House Republicans’ border security, asylum and immigration reform package. In response, TPPA Honorary Chairman Jenny Beth Martin issued the following statement: “The ‘Secure the Border act’ is the strongest comprehensive border security and asylum and immigration reform bill we’ve seen…
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