Chapter 1: Fiscal Policy and Inflation with John Cochrane | LFHSPBC
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Chapter 1: Fiscal Policy and Inflation with John Cochrane | LFHSPBC
Chapter One: The Fiscal vs. Monetary Theory of Inflation John Cochrane explains that the economic phenomenon of inflation concerns not relative price increases but rather an increase in all prices and wages. Cochrane then demonstrates how the government’s response to the COVID pandemic has caused the current 40-year highs of inflation ...
53.7K viewsSep 14, 2022
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