5min chapter

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Value After Hours S05 E07: Resi Real Estate Apocalypse, Discretionary Spending, 40s / 70s inflation

The Acquirers Podcast

CHAPTER

Inflation Is Always in Everywhere a Monetary Phenomenon

Milton Friedman said inflation is always in everywhere a monetary phenomenon. But there's also these other factors like fiscal policy that influenced the growth rate of aggregate demand. On the supply side, the fundamental long run force is the trend rate of change of productivity. All of which would be to say that energy going out of business today may not have as much of an impact in prices as it did in the 70s.

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