January 20, 2024

Inflation Not A Monetary Phenomenon part 3

We were made to think as if we were a liliput and minows cast away in Rubinson Crusoe's island chopping the trees as brutes of our thinkless brouhaha and those who fraudulently explains the true concept of historical inflation barely exist and we still under illusion of our mean spirited folks thought we are advanced with our macroeconomic insights of growth and development.The praxis of growth and development does not happen in an oliflationary environment and inflation is not always and everywhere a monetary phenomenon because the market is not rational in this context inflation become a burden.The persistence of inflation that Milton Friedman once noted could be linked to this alarming ratio of market irrationalism.
That in the short run supply shocks can impact price level .Why is this so?I was laughing at Scott Summer claiming to have a better view than Robert Barro and even Friedman.That how much of our inflation problems was due to monetary policy and how much was due to supply shocks ?He was bent on investigating nothing using same warped theory of market forces that barely exist to interrogate the masters that created potholes they both with all his ilks ignorantly plow.Why wouldnt they call economics a dismal science?He claim that ever since late 2021 part of the inflation problems was linked to supply shocks a trend that had changed in the current scenario.In the piece Persistent Inflation Is Always And Everywhere A Monetary Phenomenon,he also critique the power of monetary policy to control inflation same warped ideology entertained by his masters who detested the power of central bankers at curtailing inflation.
Scott a conservative like his ilks detested the progressive policies with precepts such as a capitalism is evil,profit is bad,free market is bad, corporations are evil, nonprofit is good ,taxes are good,market forces meaningless,profit causes inflation etc.The progressives and the antiliberal exponents should have a home with marsolism and opposed the flat adoption of market neoliberalism in place of market egalitarianism.
I was laughing hysterically when I read through the elongated analysis by Elia Gabriels
In his piece Inflation Is Not Always A Monetary Phenomenon edited by  Jonas Balkus same title like my essay with a fabled lion heart argued in in vain to at least debunked the proven logic of monetarism without a fundamental theory or theorems to critique the most indisputable dissertation in the field of Economics over the last tercentenary.He cited fossilflation and greenflation and still could not recognize he subconsciously refer and still ignorantly endorse the theorem and the proven logic of inflation a monetary phenomenon .It does not matter whether the central banks autonomy or the primacy of technology freedom was guaranteed or not without us getting down to the root of market technology to unleash monumental havoc on the fundamental theory of market forces a good critical attempt to unbundle or debunk ideology of the market neoliberalism might be a fatal failure at every twist and turn of market innovations.


No comments:

Post a Comment