S+acy Abr@ms said it was because people aren’t having enough abortions. C’mon, Democrats, get it together!
That title is just lol funny.
LOL
Inflation is always and everywhere a monetary phenomenon. #MiltonFriedman
https://www.youtube.com/watch?v=F94jGTWNWsA
And didn’t Stewart, a self anointed voice in first responders/military members getting the medical attention they deserve, go absolutely apoplectic when a few in Congress dared to question some of the math?
Yes, an excess of money (currency) supply is an important part of inflation. However, without the presence of a key catalyst, there is no significant inflation regardless of the volume of supply or printing. And that catalyst is the velocity of money (currency). Velocity is an indication of the loss of public confidence in the currency. And when that confidence is lost, people want to get rid of their currency in exchange for hard assets. That’s the recipe for inflation and certainly hyperinflation.
Stewart should read up on the Weimar Republic and Zimbabwe, both are prime examples of governments printing their way into an inflationary crisis.
I like this guy Hanke.
Stewart’s a moron. He says he has read studies where if the money supply increases by 5%, and you don’t always get 5% more inflation.
Well yes, that is true IF the economy’s productivity rises at the same time as the money supply is increased. It’s printing money faster than productivity is increasing that drives inflation, and the professor is right, any study that doesn’t take that into account is total rubbish.
Bttt.
5.56mm
.
Good economists are rarely in doubt.
Has he even taken ECON 101???
It explains SO MUCH.
That is one of the single most useful courses I had to take in college.