Who’s Afraid of the CPI!
Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.
Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.
What I have shown is that to the extent that government spending consists either of waste or of intermediate goods, measurement of the standard of living of those working in the private sector is rendered much more accurately by Rothbard's measurement of PPR per private sector worker than by the Department of Commerce's per capita GNP.
Trade deficits indeed present no problem as long as they get financed, writes Antony Mueller.
I came across this old thread in the Austrian Economics forum, and I thought some of
To answer a reader question, I revisited Rothbard’s transition plan for 100% gold.
Only in a model with multiple goods can one fully appreciate the "Austrian" approach to capital and interest theory.