Speaking of the FRS, their central theory is that too much economic growth causes inflation. Zimbabwe must have had a lot of it.
Seriously, governments cause inflation, not economic growth. Zimbabwe, and other numerous examples throughout history prove it. Until our own Federal Reserve adopts that reality as its operating principle, we will continue to have inflation, and an economy that remains below its potential.
Seriously, governments cause inflation, not economic growth. Zimbabwe, and other numerous examples throughout history prove it. Until our own Federal Reserve adopts that reality as its operating principle, we will continue to have inflation, and an economy that remains below its potential.
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We have a saying here in the boondocks, "that'll never happen 'cause it makes too much sense".