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Inflation: Looking Beyond Aggregates
Manage episode 485365862 series 2663738
Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.
Original article: Inflation: Looking Beyond Aggregates
1405 episodes
Manage episode 485365862 series 2663738
Mainstream economists define inflation as the increase in an imaginary “price level” that is relatively neutral in its effects. Austrian economists, however, know better, as they realize that the effects of inflating the money supply are anything but neutral.
Original article: Inflation: Looking Beyond Aggregates
1405 episodes
All episodes
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