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submitted 7 months ago by yukichigai@kbin.social to c/memes@lemmy.ml
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[-] davel@lemmy.ml 3 points 7 months ago

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.

[-] HappycamperNZ@lemmy.world 2 points 7 months ago

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.

this post was submitted on 05 Apr 2024
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