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Yeah but the economy is doing great (media.kbin.social)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 6 months ago (1 children)

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.

[–] [email protected] 2 points 6 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.