What Causes Inflation? Animal Spirits or Interest Credit Expansion?

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Moro Blanco

𝘞𝘩𝘢𝘵 𝘤𝘢𝘶𝘴𝘦𝘴 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘣𝘰𝘰𝘮-𝘢𝘯𝘥-𝘣𝘶𝘴𝘵 𝘤𝘺𝘤𝘭𝘦𝘴? 𝘐𝘴 𝘪𝘵 𝘥𝘳𝘪𝘷𝘦𝘯 𝘣𝘺 𝘢𝘯𝘪𝘮𝘢𝘭 𝘴𝘱𝘪𝘳𝘪𝘵𝘴, 𝘢𝘴 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘑𝘰𝘩𝘯 𝘔𝘢𝘺𝘯𝘢𝘳𝘥 𝘒𝘦𝘺𝘯𝘦𝘴 𝘵𝘢𝘶𝘨𝘩𝘵? 𝘛𝘩𝘦 𝘴𝘢𝘮𝘦 𝘮𝘢𝘯 𝘸𝘩𝘰𝘴𝘦 𝘴𝘤𝘩𝘰𝘰𝘭 𝘰𝘧 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘪𝘴 𝘵𝘢𝘶𝘨𝘩𝘵 𝘵𝘰 𝘢𝘭𝘭 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴 𝘴𝘵𝘶𝘥𝘦𝘯𝘵𝘴 𝘢𝘵 𝘶𝘯𝘪𝘷𝘦𝘳𝘴𝘪𝘵𝘪𝘦𝘴. 𝘖𝘳 𝘪𝘴 𝘪𝘵 𝘥𝘶𝘦 𝘵𝘰 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 / 𝘳𝘪𝘣𝘢 𝘤𝘳𝘦𝘥𝘪𝘵 𝘦𝘹𝘱𝘢𝘯𝘴𝘪𝘰𝘯 𝘣𝘺 𝘣𝘢𝘯𝘬𝘴?

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Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.