Jonathan Newman, Associate Professor of Economics and Mises Fellow joins me to chat:
- Contrasting definitions of inflation
- How did Mises define inflation?
- How did Rothbard define inflation?
- Where and how does fractional reserve come into it?
- Cantillon effect and the Mises effect
- Costless production of money
Links:
- Paper: What Is Inflation? Clarifying and Justifying Rothbard’s Definition
- Twitter: @NewmanJ_R
- Twitter: @KrisMoustHansen
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- Source: https://podcasters.spotify.com/pod/show/stephan-livera/episodes/SLP485-What-is-Inflation–with-Jonathan-Newman-e25ltrq