. Ted is really just the World Economic Forum for the masses.
Enjoy your Technological Bio Security Surveillance state serfdom. And the virtual public square that Elon built, stole, appropriated,saved or Who actually even gives a damn.
The crux of inflation is not that prices rise in general, but that they rise differentially. Inflation is never a uniform process. Although most prices tend to rise during inflation, they never rise at the same rate. There is always a spread, with some prices rising faster and others more slowly. From this viewpoint, the engine of inflation is a redistributional struggle fought through rising prices.
The overall level of inflation is merely the surface consequence of that struggle. So in the end, Milton Friedman is right – but only in part. Inflation is always and everywhere a monetary phenomenon; but it is also always and everywhere a redistributional phenomenon.
NITZAN etal Capital as Power 2009 – read or download here