Relearning Economics
@RelearningEcon
A system dynamicist specializing it's application for Macroeconomic Forecasting.
236 Following 13.3K Followers
"Free trade is extremely destructive to economies that are relatively unsuccessful. Instead of making them more prosperous and better-off, it destroys them."
-Wynne Godley
The Fed didn't raise the price of your Big Mac. McDonald's did. Inflation affects costs, but companies decide how much of those costs to pass on and what markup to charge.
