A conflicting definition Any textbook defines inflation as an ongoing increase in the (general) price level. Put it differently, inflation is when (on…
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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
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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My latest on AIER on the Warren-Sanders thesis that inflation is driven by greed. Blaming high inflation on corporate greed has become a favorite…
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My latest at AIER on the recent spike of inflation in the US. Maybe there is something the US can learn from Argentina when it comes to inflation: What…
The Mont Pelerin Society (MPS) announced its 2022 Hayek Essay Contest for young scholars. Winners will receive a cash award and a travel grant to…
Can MMT dodge the high inflation challenge using supply chain restrictions?
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