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12/3/21 Bob Murphy and Jon Schwarz on Whether Current Inflation Is a Good Thing
Jon Schwarz wrote an article for the Intercept last month that stirred up quite a buzz. In the piece, Schwarz makes the argument that, because it’s hurting creditors and shrinking the real value of debt, inflation should be viewed as good news for most people. Scott brought Schwarz on together with Austrian economist Bob Murphey to have a discussion about Schwarz’s argument and monetary policy more broadly.
Discussed on the show:
“Inflation Is Good for You” (The Intercept)
Understanding Money Mechanics by Bob Murphy
Secrets of the Temple: How the Federal Reserve Runs the Country by William…
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