Saturday 6 January 2018

Milton Friedman - Understanding Inflation

Ontario's minimum wage increase is officially in effect and the response from business owners isn't being received very well by the politicians. Nevertheless, a 32 per cent increase in the minimum wage is significant additional evidence of mounting inflation that is making its way into the labour market. Here is great 15 minute primer on Inflation by Nobel Prize-winning Economist, Milton Friedman. https://www.youtube.com/watch?v=GJ4TTNeSUdQ