• davel [he/him]@lemmy.ml
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    7 months ago

    I think CableMonster might be in the neoclassical economics camp, which insists that “inflation” is definitionally “money creation,” that they’re essentially synonyms. They refuse to entertain any other possible explanations for a rise in prices, and that’s why price gouging can’t be a component of inflation and therefore must be a boogeyman.

    • HappycamperNZ@lemmy.world
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      7 months ago

      Im going to risk it and see what their reasoning is.

      Strongly believe I would disagree with them as I literally tutor this topic at university level, but let’s see.