In his Nov. 16 column “For Ohio’s future, look beyond capitalism as socialists resurge,” Matthew Charlebois vividly demonstrates his ignorance of economics in general and capitalism specifically. Space prohibits a comprehensive rebuttal, but I’ll hit the high points.

Charlebois’ first error is in completely ignoring the place of monetary policy in our current inflation. As Milton Friedman said, “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”

Most of the rise in the cost of food, housing and other goods and services can be attributed to the massive increase in money flushed into the marketplace to prevent a crash after our government forced much of the econo

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