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Susan Mercurio
Academy of Ideas
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Comments by "Susan Mercurio" (@susanmercurio1060) on "How Inflation Precipitates Societal Collapse" video.
2:00 The economists who teach Modern Monetary Theory (MMT) says that inflation is created when there is more money than the resources it can buy, in a monetary system with a fiat currency. Were those other economists, like Ludwig von Mises, talk about a currency that was based on something else, like gold? Many price rises today are created, not by inflation, but by price gouging by the corporations.
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