It is not the "greed" of employees which makes inflation rise in periods of full employment. It is that the employees have money to spend, and they want to spend it. Too many dollars chasing too few goods leads inexorably to a rise in prices.
Comrade Putin, like the comrades before him, and DJT, think that proper planning can outwit the market. They couldn't, and he can't. Western systems are superior to the centrally planned economies of China and Russia when we embrace confusion, unleash economic liberty, and let lose the "animal spirits" onto the free market.
So quantitative easing has nothing to do with inflation?
"centrally planned economies of China and Russia" that was last century, not as much today.
And if you think Western systems have let lose the "animal spirits" onto a "free market" you really haven't been paying attention the last thirty years.
"Putinesque propaganda", LOL, that's what you call facts you don't like?
It is not the "greed" of employees which makes inflation rise in periods of full employment. It is that the employees have money to spend, and they want to spend it. Too many dollars chasing too few goods leads inexorably to a rise in prices.
Comrade Putin, like the comrades before him, and DJT, think that proper planning can outwit the market. They couldn't, and he can't. Western systems are superior to the centrally planned economies of China and Russia when we embrace confusion, unleash economic liberty, and let lose the "animal spirits" onto the free market.
You missed the sarcasm in the "greed" comment.
So quantitative easing has nothing to do with inflation?
"centrally planned economies of China and Russia" that was last century, not as much today.
And if you think Western systems have let lose the "animal spirits" onto a "free market" you really haven't been paying attention the last thirty years.
Sarcasm does not work well in writing. It's only effective when spoken, where the sneering tone makes the sarcasm land.