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TPP471: What will happen next with inflation? Meet the economist who's predicted it perfectly so far

The Property Podcast

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The Desired Ratio of Money to Wealth and Money to Income

The quantity theory of money is based on the idea that a person's wealth should be proportional to their income and expenditure. The banks, they can create money out of thin air - this comes as a shock to people, but they can. Most money is bank deposits; most payments are made against bank deposits. So the amount of money in the economy depends on what's on the banking system. It goes rowne, round and round.

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