A conflicting definition Any textbook defines inflation as an ongoing increase in the (general) price level. Put it differently, inflation is when (on average) all prices persistently increase over time. If P denotes the price level, then the inflation rate is the percent change…
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Check out my latest at AIER's Sound Money Project
With the outbreak of Covid-19 the Fed committed two monetary policy mistakes, not just one (inflation).
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Income distribution discussions typically ignore unavoidable dilemmas
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Foreign shocks affect dollarized economies more than countries that have their own central banks... or do they?
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While advocates of dollarization in Argentina recognize that adopting the US dollar as the country’s legal tender currency is not sufficient to end a…
It is important to be conscious about assumptions used in different arguments.
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Lessons from dollarized countries in Latin America.
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