If prices are instrumental in providing needed information to market participants, then inflation can be seen as introducing static into the system, creating more uncertainty and leading to bad choices.
Vladyslav Manzyuk
Vladyslav Manzyuk (Lindarixon) is a political science student at the University of Warsaw. His work focuses on Austrian economics, dispersed knowledge in social coordination, and the application of information theory to economic processes. His email is: vladyslavmanzyuk@yahoo.com
