4min chapter

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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution

Uncommon Knowledge

CHAPTER

How to Solve the Long Run Fiscal Problem and Get the Economy Grow Again

Inflation is a political problem because it feeds right into your theory. The number one problem in all of economics is correlation is not causation. An economy that's growing should borrow, and private people should be borrowing to invest in future opportunities. We need to get back to long run supply side growth is the main answer.

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