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Birdwatch Note

2024-10-10 08:01:28 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

This video is referencing an old and from today's perspective simplistic view on inflation. "Like much of economic theory, Friedman’s thinking appears plausible on first glance." https://evonomics.com/the-truth-about-inflation-why-milton-friedman-was-wrong-again/ There is not one truth on inflation, but several theories. A start to learn first principles: https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html

Written by B35B93FB21EC34181A1D6E89A3E1EE4A6BFC2312EAF34B2CE27C2D9C1CC1F4A5
Participant Details

All Information

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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• This video is referencing an old and from today's perspective simplistic view on inflation. "Like much of economic theory, Friedman’s thinking appears plausible on first glance." https://evonomics.com/the-truth-about-inflation-why-milton-friedman-was-wrong-again/ There is not one truth on inflation, but several theories. A start to learn first principles: https://www.rba.gov.au/education/resources/explainers/causes-of-inflation.html