Corinne Nita
Feb 12, 2022

The public's concept of money and inflation are very misunderstood. The price of goods and services increase, but money doesn't inflate and currency is anything a seller accepts.

Milton Friedman's quantity theory of money has never been proved mathematical, yet it's the dominant belief within society. This ideology enabled governments to stop investing in the public, and we support austerity. While wages stagnate, prices continually rise, and we haven't stopped to wonder why some prices increase while others don't?

To learn more about inflation, look up Cost-Push and Demand-Pull.

Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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