Rational Discussion of Controversial Topics
Economics Education Ethics Foreign Policy Government History Politics Religion Science

The things that you think CAUSE inflation are merely the symptoms of price stickiness

TheMoneyIllusion          20 October 2017 12:00 PM

Some people liked my previous post, while some missed the point.  So let’s take another stab at it. My island economy with 100,000 people and $1 billion dollars in Monopoly money does just fine for 273 years, with NGDP fluctuating above and below $8 billion as velocity moves around due to random minor shocks.  Then ... Continue reading →

Would you like to read similar articles in the future?
-2 -1 0 +1 +2

                  Post Comment