The Neoliberal Argument for Rising Inflation

Milton Friedman's explanation in the optimum quantity of money which I think you're right back in 1951 or there may be 50, 56 some of that time period. He tried to explain how he could be in equilibrium across all markets simultaneously and still have rising prices. And it was all a theory of money creation that said the government creates the money. So we go rising inflation so we expect that it's going to continue to rise. Yeah I mean this is just neoclassical bloody theory again. That's why when I force my students to read the original sources and see where this nonsense comes from.