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We've had a dozen instances of massive money printing since the 80s but no significant inflation until we had the COVID supply side shock. Now we're getting i
by bryanlarsen 1y ago
We've had a dozen instances of massive money printing since the 80s but no significant inflation until we had the COVID supply side shock. Now we're getting inflation because of tariff uncertainty, also a supply side shock.
Friedman is wrong, inflation is primarily caused by supply side shocks.
- argentinian 1y agowhat do you mean by "supply side shock"?
- bryanlarsen 1y agohttps://en.wikipedia.org/wiki/Supply_shock https://en.wikipedia.org/wiki/Supply_shock
- argentinian 1y agoI see. You might read the article mentioned bu user opo in this same comment thread. And also consider the inflation that occurs in many countries that don't suffer any supply side shock.