Birdwatch Note Rating
2024-10-10 09:02:22 UTC - HELPFUL
Rated by Participant: 1EFD7C84D5100C42F76F9C9F1619F6BF5402E14988AA787843A6CE3C0E2AD4B2
Participant Details
Original Note:
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
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