Part 4/8:
- Harris presents a definition of inflation as an increase in money supply leading to rising prices. However, this oversimplification neglects other critical factors influencing inflation, such as supply disruptions and changes in firm and consumer behavior.
- Recession Video: 5.4/10
- While depicting recessions as driven by external shocks like wars and interest rate hikes, the video fails to capture the complexity of investment behaviors and their greater role in economic cycles.
- Unemployment Video: 7.2/10