Progressive Economy Forum - How To End The Cost Of Living Crisis
Politics Theory Other
00:00
The Solution to Hyperinflation
There's a line of thinking here which says hat, once inflation's embedded, once it's very high, because we have alread o or milton freedom. We think that inflation is always an, everywhere, a monetary phenomenon. If that doesn't work, you'l ave to really push interest rates. But wages are apsoly, nowhere to be seen in this country and across most of the developed world. The wage price spiral story involves primarily saying, there is too much money on the hands of people who don't spend it. No part of this is workinga i'll come back on to just what what that sort of means. That isn't coming from domestic issues
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