
Ep. 280 The Theory and History Needed to Refute Keynesianism and MMT
Bob Murphy Show
00:00
Krugman's Theory of Price Inflation
It depends on how new money comes in the economy just for me to be able to say whether prices would fall or not. that it see how that interacts with our story here. Some countries might see their price level fall other ones like not and it depends again on in those countries with the respective currencies of their people use. That's partly how with lower interest rates all the households could satisfy their desire to acquire larger cash balances so the central bank would literally provide more money for them.
Transcript
Play full episode