Matt Beat

Johnny Harris Is Wrong About Inflation (Patreon)

Published:

2022-12-27 21:07:12

Imported:

2026-06

Tags:

economics explainer reaction social studies

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Content

It's time to get spicy again.

As some of you may know (but most of you probably don't know!), I recently began reacting to American history, geography, and economics videos on my Twitch channel (@iammrbeat) Mondays at 9am Central. This video, in which Johnny Harris haphazardly explains inflation, was the very first one I reacted to. I decided to edit my live reaction down and release this to a wider audience, considering just around 30 folks or so saw me react to it live for the first time.

Inflation is complicated, but the biggest problem with Johnny's video is that he gives the incorrect definition of it. I still love his channel, though, and I highly recommend his content. In fact, because I enjoy his stuff so much is why I felt compelled to release this. After all, I make plenty of mistakes in my videos, too. All we can strive for is to try to get better.

Thank you for your continued support. I hope your holiday season is going well, and here's to a historically significant 2023! Cheers!

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Get priority access to Masterworks by going here: http://masterworks.com/s/mrbeat “Net returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: https://www.masterworks.com/cd Masterworks’ offerings are filed with the SEC, view all past and current offerings here: https://www.sec.gov/cgi-bin/browse-edgar?company=masterworks&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany Mr. Beat reacts to this video by @johnnyharris: https://www.youtube.com/watch?v=zIbNJCSCEjk&t A better video about inflation with @ProfessorDaveExplains: https://www.youtube.com/watch?v=867AUDQ9DQc&t Produced by Matt Beat. All images and video by Matt Beat, used under fair use guidelines, or found in the public domain. Music by @ElectricNeedleRoom, MK2, and Evolution. Here's an annotated script with footnotes: https://docs.google.com/document/d/1uBWKHc0KQFxU2oDKolVDmO5xX6DOayEjUlsdfBe6dYs/edit?usp=sharing Join this channel to get access to perks: https://www.youtube.com/channel/UCmYesELO6axBrCuSpf7S9DQ/join For business inquiries or to send snail mail to Mr. Beat: https://www.iammrbeat.com/contact.html https://www.youtube.com/c/iammrbeat/about Connect with me: https://linktr.ee/iammrbeat Mr. Beat’s website: https://www.iammrbeat.com/ Mr. Beat’s second channel: https://www.youtube.com/c/TheBeatGoesOn1981 Mr. Beat's band: https://electricneedleroom.us/ How to support Mr. Beat: 💰Donate to Mr. Beat for great perks on Patreon: https://www.patreon.com/iammrbeat 🤑Donate to Mr. Beat on Paypal: https://www.paypal.me/mrbeat ☕Buy Mr. Beat a coffee: https://ko-fi.com/iammrbeat “Free” ways to show support: ✔️Subscribe to my channel ⏰Turn on notifications 👍Like, share, and comment on my videos Buy Mr. Beat merch: https://matt-beat-shop.fourthwall.com/ https://www.bonfire.com/store/mr-beat/ https://sfsf.shop/support-mrbeat/ Buy Mr. Beat's book: https://amzn.to/386g7cz Amazon Storefront: https://www.amazon.com/shop/mr.beat Affiliate Links: Useful Charts: https://usefulcharts.com/?aff=12 Kids Connect: https://kidskonnect.com/?ref=iammrbeat Ekster: https://ekster.com?sca_ref=444709.jvllq3EEOm Shampoo: https://rb.gy/vlqeym Acne fighter: https://rb.gy/a6dnb0 #johnnyharris #economics #inflation I understand it’s difficult not to oversimplify stuff when you’re explaining something in six minutes, but the reason I felt obligated to make this response video was mostly because Johnny butchered the DEFINITION of inflation right out of the gate.