is it true that price controls will always reduce the supply of a commodity
Inflation goes to corporations though… not the government…
Because poor people have a lot of cash.
Inflation is always a factor of oversupply of debt instruments.
You kill inflation by making bonds very cheap while limiting new bond issuance.
Maybe a system that cannot function without infinite growth has drawbacks?
In Europe inflation only really hurts the middle class, but in general decrease inequality. It’s because a lot of social programs are based on minimum wage and they do tend to go with inflation, also in general lower paying jobs have the biggest increases in salary. While middle class to higher wages almost do not change, they are setup with the burden of increasing living cost.
Real economists do not take so well seriously. He’s never actually published an academic paper
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is it true that price controls will always reduce the supply of a commodity
Inflation goes to corporations though… not the government…
Because poor people have a lot of cash.
Inflation is always a factor of oversupply of debt instruments.
You kill inflation by making bonds very cheap while limiting new bond issuance.
Maybe a system that cannot function without infinite growth has drawbacks?
In Europe inflation only really hurts the middle class, but in general decrease inequality. It’s because a lot of social programs are based on minimum wage and they do tend to go with inflation, also in general lower paying jobs have the biggest increases in salary. While middle class to higher wages almost do not change, they are setup with the burden of increasing living cost.
Real economists do not take so well seriously. He’s never actually published an academic paper
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