Re:Price/profit spiral driving inflation in Australia
by majinuub on Tuesday July 19, 2022 @09:42AM
(#32151290)
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” - Milton Friedman
[ Parent
| on HN ]
Re:Price/profit spiral driving inflation in Australia
by imtringued on Tuesday July 19, 2022 @12:52PM
(#32154534)
You know, Milton Friedman forgot to control for money velocity, imagine if he had thought of that like Irving Fisher did.