Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Jennifer Burns
Inflation has, first of all, it has a momentum of its own. Once it gets going, it tends to build on itself. The accelerationist thesis, it accelerates. And once inflation gets going, And the reason it gets going is because, you know, workers go to the store and they see the price level has gone up. Things have cost more. They ask for the wages to go up.
0
💬
0
Comments
Log in to comment.
There are no comments yet.