One of the most powerful drivers of Mexican economic growth is economic activity that takes place outside of Mexico. Specifically, economic activity within the United States. Stop and think about that. The previous truth exists as a thorough rejection of modern economic theory promoted by individuals within the Keynesian, monetarist, and Austrian schools. Mexico […]
Mexico’s Economy Rejects Keynes, Friedman, & Neo-Miseans Read More »
Inflation is all over the news and commentary today, particularly after a presidential election that was allegedly all about it. The problem remains that few who utter the word grasp its singular meaning. This includes Stanford professor Jennifer Burns, who not-so-ironically wrote a book about Milton Friedman. Friedman had his own problems with the
Inflation Is a Shrinkage of the Monetary Unit, Nothing Else Read More »
In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and “producers don’t produce it.” Only for Friedman to go off track with the observation that “too much government spending” does produce inflation. Ignored by Friedman was that governments aren’t some kind of other capable of extracting spending power from Pluto,
As Economists Do Now, Milton Friedman Got Inflation Wrong Read More »
