Inflation Pt. 3 - The Great Divide in Economics

Welcome back to the Expanding Economics podcast, in part three of our series on inflation, we delve into the economic history of inflation to better understand why it is a problem and how we keep getting ourselves into this situation. We discuss post-WW1 Germany, the 1970s oil crisis, and how the low inflation in the decades since led us to where we are today. Finally, we ask ourselves the age-old question that has been dividing economists for decades... "is inflation a monetary phenomenon?".