Senin, 06 Juni 2022

100% of excessive inflation is due to bad monetary policy.


"100% of excess inflation is due to bad monetary policy. There is no doubt about it. I don't know of any respectable theory (Monetarist, Keynesian, Austrian, etc.) where this is not true.
"However, according to a recent Vox article, economists do not know the cause of the current high inflation."
"When inflation is higher than it should be as a result of demand, it is always 100% conditioned by bad monetary policy.
"And now Vox is telling us that economists are talking about 'business greed' now, seriously?"
And who are these so-called "economists" according to "Vox", "Progressive" ...
"Wait ... I thought leftists should 'believe in our science.' When did advanced economists become the leftist version of QAnon?"

Scott Samner said in his message that " 100% excess inflation is due to bad monetary policy ".

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