News for hackers. Stuff that matters.

A comment on US inflation means families are spending $709 more per month than two years ago. Parent comment

Re:US inflation means families are spending $709 more per mo... by WalterBright on Monday August 14, 2023 @12:28PM (#37122947)
Milton Friedman in "Monetary History of the United States" shows that fluctuations in the money supply were significantly more pronounced after fiat money began. The fed's enlightened hand on the tiller simply isn't as good as the blind actions of the free market.
[ Parent | on HN ]
Re:US inflation means families are spending $709 more per mo... by HDThoreaun on Monday August 14, 2023 @06:08PM (#37127405)
fluctuations in the money supply are not necessarily a bad thing.
[ Parent | on HN ]
Re:US inflation means families are spending $709 more per mo... by WalterBright on Monday August 14, 2023 @11:11PM (#37129720)
If they have proved unable at smoothing the small fluctuations, how can they do better with the large ones? And they didn't - the Great Depression.
[ Parent | on HN ]