Keynes - Friedman 1:0

[Spekulatius]

A YouTube clip about the result about a fascinating social experiment where they dropped $10M in a fairly isolated region in Kenia in a controlled experiment and measured what happened. The result wasn’t inflation but that in this case, Keynes monetary theory proved more correct than Friedman. I can highly recommend subscribing to the Money and Macro channel, there is some very good content there

 

Of course in a different setting and circumstances  the outcome could and likely will be different.

 

[yesman182]

I enjoyed the video. I wish Friedman was part of DOGE.