Macro N Cheese

** Be sure to check the Real Progressives website’s calendar for upcoming events. On Sunday, March 17th at noon ET/9am PT, we’re hosting a webinar, RP Live with Esha Krishnaswamy: Putin’s Russia. On Tuesday evenings, 8pm ET/5pm PT, come to Macro ‘n Chill, where we listen to the most recent episode of this podcast and discuss it with the community. https://realprogressives.org/rp-events-calendar/ “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Milton Friedman This quote by the grandaddy of neoliberal economics is from 1963. Some in the mainstream have been dining out on it ever since. According to our guest, author and blogger Brian Romanchuk, neoclassical economics relies on mathematical models and fail to capture the complexity of real-world inflation. He highlights the importance of understanding the supply and demand dynamics in setting prices and explains that inflation can be in