In this 1974 lecture, Ayn Rand undertakes a multi-layered analysis of inflation. Reducing key economic principles to layman’s language, she explains what inflation is and how it devastates savings and production. At a deeper level, Rand exposes thinking errors that have allowed inflation to destroy economies throughout history. Finally, she places inflation in a larger cultural context, as the inevitable price paid for coercive egalitarian measures that curtail economic production.
In the Q&A session, Rand discusses various topics including children’s rights, abortion, university professors, busing, the value of writing to one’s congressman, Alan Greenspan’s ability to influence government, the Libertarian Party, Chile and Salvador Allende, rape in her novels, classical composers, masculinity, women she admires and government-funded day care.