300
Yeah but the economy is doing great
(media.kbin.social)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Apr 2024
300 points (93.6% liked)
Memes
45258 readers
2794 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
I think CableMonster might be in the neoclassical economics camp, which insists that “inflation” is definitionally “money creation,” that they’re essentially synonyms. They refuse to entertain any other possible explanations for a rise in prices, and that’s why price gouging can’t be a component of inflation and therefore must be a boogeyman.
Im going to risk it and see what their reasoning is.
Strongly believe I would disagree with them as I literally tutor this topic at university level, but let's see.