Defining “Inflation” Correctly
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.
Inflation
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Defining “Inflation” Correctly
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.
The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.
There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.
To Prevent Problematic Inflation, We Need More Production. Which Means There’s Trouble Ahead.
Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.
The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.
There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.
To Prevent Problematic Inflation, We Need More Production. Which Means There’s Trouble Ahead.
Price inflation is so difficult to predict, because there are so many moving parts: money supply, demand, money velocity, and supply of goods and services.
Why Official Inflation Measures Don’t Work
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.
Central Banks Are Destroying What Was Left of Free Markets
The Fed and other central banks are entering into a huge money-printing experiment in hopes of keeping the government-spending machine going at full speed forever. The unintended consequences will be highly destructive.
A Note on Some Recent Misinterpretations of the Cantillon Effect
Sieroń comments on Book and Sumner regarding the Cantillon effect, arguing that the Austrian analysis of the Cantillon effect is correct.
Let’s Hope Deflation Is Headed Our Way
Central banks have decided that one of their main missions is to prevent deflation. But this only ends up causing the malinvestments that lead to economic busts.
