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I do! I think inflation is usually a real economy problem that has a bad quote about being a monetary phenomenon associated with it (which has confused a gener
by RC_ITR 4y ago
I do! I think inflation is usually a real economy problem that has a bad quote about being a monetary phenomenon associated with it (which has confused a generation of lay people).
The implication of the economist doesn’t even really make sense - both Argentinas trade and budget deficits aren’t that big vs. the rest of the world, but their inflation and level of government intervention into the real economy sure is.
In general, my philosophy on economics is to notice what’s different about a country than just accepting the “easy” answer; a <10% of GDP deficit doesn’t phase me (Major trading partner Brazil is similar in both ways), but a government willing to renationalize a company it sold on the open market sure does!