Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: ProtectOurFreedom

Of course, inflation is permanent. Once they know people will pay out the nose for something, the price is there to stay until it rises more.


24 posted on 12/14/2023 11:41:11 AM PST by bgill
[ Post Reply | Private Reply | To 6 | View Replies ]


To: bgill

It really has very little to do with consumer behavior.

Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”

And who controls the money supply?


25 posted on 12/14/2023 11:44:46 AM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson