GhostOnTheHalfShell, (edited ) @economics@a.gup.pe #SteveKeen
Adding prices into macro. Why do I have the sense neoclassicals are in for even more pain? :ablobcatpopcorn:
"The original Neoclassical (and Austrian) explanation for inflation is that it is caused by "too much money chasing too few goods", with government money creation being the culprit, .."
— if you want to support work like this, drop by his substack for the whole chapter (open access) and/or toss a coin his way.
🧵
https://profstevekeen.substack.com/p/what-about-prices
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