Excumulation

This article interrogates the established view of inflation as a neutral price phenomenon, exposing it instead as a mechanism of asymmetric value capture by dominant economic actors – part of a broader concept, ‘excumulation’ […]

Friedman’s claim that inflation is purely a monetary phenomenon shaped global economic policy for decades, but it oversimplifies economic reality. Money, like any commodity, is governed by supply and demand, yet financial institutions and central banks have …