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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 →



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