
Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob Murphy Show
00:00
Government Spending Per Sa Causes Prices to Rise
i was pretty confidet. you restrict supply and you boost demand because of all the new money being created, surely that's going to lead to high price inflation. Back then, official prices, consumer price inflation, brokeon cent year over year. So i thought it was going to happen again. And i bet david henderson and brian caplin that it would e knon. We hammered out the specific time frame in which measure the c p i were using and all that stuff. But they were wrong. Their model is wrong. The fact that they're clinging to the model in the face of being so incredibly wrong shows how ideological and dogmatic and unscientific they are
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