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The Real Story Behind Inflation

Doescher: Okay. All right, go ahead.
Griffith: The headline is, is a bit misleading because it suggests that up until this point inflation wasn t here. Well, in fact, ablation is here almost each and every year. In fact, going all the way back to 1955, the mid 1950s, there is only one year in that entire stretch that dates back to the time that our parents, for you and me, our parents are born, there s only been one time that we did not have inflation in a given year. That was back in 2009. So inflation is with us almost each and every year. Now the inflation rate that we see right now over the last 12 months, if this continues, this will be the most inflation we ve seen in a given year dating back to 1991. ....

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Bob Chitester: The man who explained capitalism to the world

Bob Chitester: The man who explained capitalism to the world
Rainer Zitelmann
Bob Chitester, 83, died after a seven-year battle with cancer. A
Wall Street Journal article described Bob Chitester as “the man who made Milton Friedman a star.” And it was right.
Yes, Nobel laureate Friedman would in any case have become one of the most influential economists of the 20th century. But without Chitester, he and his ideas would never have reached anywhere near as many people as they did. Friedman himself said, “I have always believed that influence is exerted much more by the written word .… My own role was persuading economists, not the public at large.” In this respect, Friedman was like most scientists, with the exception of physicists such as Albert Einstein and Stephen Hawking, who were geniuses at both science and self-marketing. ....

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