The Bank of England’s totally wrong response
Debunking Economics - the podcast
The Neoclassical Theory of Inflation
This is the nonsense that's part of neoclassical theory which people outside if I explain it to people they say surely you're making it up so I've got to then give you chapter and verse. All this stuff about how inflation is set by inflationary expectations began with Milton Friedman's argument and a paper he called the optimal quantity of money. He said all markets will finally get back to equilibrium that wonderful place that you know we all we all lost after equilibrium god that turns me on yeah I can I get to equilibrium.
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