3 ms·
>Jim received his Ph.D. in Economics from the New School for Social Research in New York. https://australiainstitute.org.au/expert/jim-stanford/ https://austra
by 99_00 4y ago
>Jim received his Ph.D. in Economics from the New School for Social Research in New York.
https://australiainstitute.org.au/expert/jim-stanford/ https://australiainstitute.org.au/expert/jim-stanford/
Not a credible source of information. I invite anyone who disagrees to read the actual "report". It's anti-capitalist propaganda. I have no problem with criticisms of capitalism based on facts.
The cause of inflation is not a mystery.
Overall people accumulated record savings during the pandemic and spent it.
‘Damn lot of money’: How households plan to spend their pandemic savings
https://www.smh.com.au/business/the-economy/damn-lot-of-money-how-households-plan-to-spend-their-pandemic-savings-20211209-p59gdo.html https://www.smh.com.au/business/the-economy/damn-lot-of-mone...
Add in Russia-Ukraine conflict, increased energy prices and here we are.