Inflation Pt. 3 - The Great Divide in Economics
Update: 2022-07-20
Description
Welcome back to the Expanding Economics podcast, in part three of our series on inflation, we delve into the economic history of inflation to better understand why it is a problem and how we keep getting ourselves into this situation. We discuss post-WW1 Germany, the 1970s oil crisis, and how the low inflation in the decades since led us to where we are today. Finally, we ask ourselves the age-old question that has been dividing economists for decades... "is inflation a monetary phenomenon?".
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