17.4 The True Definition of Inflation || Matthew Mežinskis

03/06/2021 2 min Temporada 1 Episodio 17

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Episode Synopsis

Matthew explains that it is impossible to calculate one number which displays the purchasing power of money, and thus track the historical trend of price inflation in an economy. Consumer price indexes are fundamentally flawed and totally useless in economic decision making. Inflation is properly defined as a coercive increase in the money supply.


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