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by throw0101a
1480 days ago
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> As an absolute layman to this field, the Friedman’s "inflation is ‘always and everywhere a monetary phenomenon’" has appeal to me in that it offers a (simple?) solution: "government austerity" as noted in the article. Government austerity is bad policy and has been for just about all of its history: * https://en.wikipedia.org/wiki/Austerity:_The_History_of_a_Da... (Of course this doesn't mean spending should be done without thought.) |
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