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Ah yes, the religious person cites religious texts: > Monetary History of the United States That book covers only through 1960, ending 20 years before the low
by wpietri 4y ago
Ah yes, the religious person cites religious texts:
> Monetary History of the United States
That book covers only through 1960, ending 20 years before the low-inflation era I'm talking about. Friedman retired from teaching before the era even started.
So yes, I am definitely done here.
- WalterBright 4y agoI do enjoy the contention that the laws of economics changed in 1960. Nor does "low" inflation prove that inflation is not caused by running the printing press. And nor is "low" inflation actually low. Going through my dad's estate, I'm reminded of how much cumulative inflation there's been since 1980. A 1980 dollar is worth $3.14 in 2020. https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/