Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains (Video)

In this 10 June 2026 published Triggernometry video, hosts Konstantin Kisin and Francis Foster talk with financial expert and former hedge fund manager Patrick Boyle who explains that everything is so expensive due to systemic, long-term issues like massive increases in the money supply (or the dilution of currency) and a severe lack of housing supply. This is made worse by reversed demographics, global trade fractures, and rising geopolitical conflicts.

Governments increased the money supply dramatically over recent years to fund stimulus and various programs. With more money chasing a relatively similar amount of goods, the value of each dollar drops, resulting in inflation. For years, central banks kept interest rates at, or near, zero, making it very cheap to borrow and spend. When everyone has cheap debt available, buyers bid up the prices of items, driving the cost of living up across the board. Between 1990 and 2020, the global workforce doubled as baby boomers entered the market, women joined the workforce in large numbers, and China opened its economy to the world. This massive pool of cheap labor kept the price of consumer products artificially low. Today, that trend has reversed, causing both labor and goods to become structurally more expensive.

In places like the US, UK, Canada, and New Zealand, housing has been heavily financialized. Rather than being simple places to live, houses are now treated as leveraged financial investments. The multi-decade steady increase in housing prices was driven primarily by falling interest rates. Because borrowing became cheaper, buyers were able to borrow larger amounts to support higher bids for the same properties. Favorable government regulations, subsidies, and restrictions on new building developments keep inventory low. Limited supply combined with easy access to cheap capital naturally creates bidding wars.

The cost of physical goods like phones and TVs has actually decreased in real terms, when adjusted for money supply growth, because of automation, global supply chains, and offshoring manufacturing. In contrast, the cost of services (like healthcare and education) has skyrocketed. While companies can easily build more factories to produce cheap goods, the supply of services cannot be easily expanded. It is much harder to expand and staff a new hospital or university than it is to build an assembly line.

https://youtu.be/pPDwRfHuBqk