Defining "Inflation" Correctly

Defining “Inflation” Correctly

Tags: Prices, Production Theory, Inflation

06/05/2020 Frank Shostak

The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: “Defining “Inflation” Correctly“

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