Comments by "" (@TheDavidlloydjones) on "How ‘Dutch Disease’ is Destroying Russia" video.

  1. And many morrrrre! 🙂
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  2. Bad start: Inflation, in this case in Russia, emphatically does not mean, as you claim, that "the government is increasingly running out of cash." It's exactly, 180 degrees, the opposite: inflation occurs when the government creates more and more cash. In the classical 17th century Rule, "Inflation is always and everywhere a monetary phenomenon." Too much money chasing too few goods. You may have a subjective truth: governments print more and more money because they feel as though they need it. They may believe what you say, that they're running out of cash. That's usually because they're spending too much, often for a particularly stupid war, as in Russia's case right now. But the feeling if false; the fact is they're swimming in cash. That's what inflation is. Too much cash.
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