The Financial Confessions cover image

The Ugly Truth About Inflation (And Why It’s Ruining Your Financial Life)

The Financial Confessions

00:00

The Social Responsibility of Business Is to Increase Its Profits

Milton Friedman's ideas have been used as a battering ram against policies in which governments are actively trying to promote full employment or better jobs for workers. Milton, he stated that a quote natural rate of unemployment basically existed below which inflation begins to take off. And so he is looking around and seeing these wild rates of inflation and he decides to make money more expensive to borrow via raising interest rates. Sound familiar?

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app