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> Money supply does not determine the prices as we have learned over last two decades. I don't think we can just accept this as fact, based on two decades evid
by JMTQp8lwXL 6y ago
> Money supply does not determine the prices as we have learned over last two decades.
I don't think we can just accept this as fact, based on two decades evidence. The Phillips curve held for much longer for two decades, until it didn't. 2 decades of verified observation cannot be extrapolated into an infinite future.
- jkhdigital 6y agoEspecially when there is also centuries of past evidence that conflicts with this assertion