Inflation, Deflation or Stagflation? Michael Roberts’ Comparative View

As we have said before, the beauty of Michael Roberts’ articles and blogs is he lets you know what other economic schools think about whatever the topic is he is covering. In the case of inflation, he presents the views of the Financial Times, the Wall Street Journal, the Keynesians, and MMT before discussing his own position. Roberts claims that the current economic inflation is not caused by the free money being printed by the Fed, but because financial capitalist are speculating on stock and bond markets rather than investing in the real physical economy.

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