Damus
Emeritus Prof. Christopher May · 9w
The problem with the influence of financial services on the political class (and by extension their journalistic familiars) is that despite inflation remaining below 3% (against a Bank of England targ...
TerryB profile picture
@nprofile1q... But also, do price rises = inflation. i.e when there is a commodity cost rise feeding price rises (or being included directly) that isn’t part of the money supply feeding market price maximisation process. If I understood my undergrad Economics foundation class properly.
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Emeritus Prof. Christopher May · 9w
nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpq53tfep0e60kzh4wjwhs5xncdscrg6na2sd8wjllnxxns2nkkvreqms8mxe Well, it is inflation just differently caused - is only the monetarists who claim that inflation is always caused by the money supply; as with so many economic theories; its a partial ...