The Bob Murphy Show

Bob Murphy Critiques Curtis Yarvin’s Explanation of Inflation

The Bob Murphy Show
Robert P. Murphy

In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate personal net worth over a given period. Murphy explains why this is wrongheaded.

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