Audio Mises Wire

Home | Mises Library | Why Official Inflation Measures Don't Work

Why Official Inflation Measures Don't Work

  • Audio Mises Wire

Tags Other Schools of ThoughtPhilosophy and Methodology

05/23/2020Karl-Friedrich Israel

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it's essentially impossible to execute these adjustments accurately.

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

Original Article: "Why Official Inflation Measures Don't Work"

Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Karl-Friedrich Israel

Karl-Friedrich Israel holds a PhD in Economics from the University of Angers, France, and is currently working as a Senior Researcher at Leipzig University, Germany

When commenting, please post a concise, civil, and informative comment. Full comment policy here
Shield icon audio