|
|
|
|
|
|
by lottin
1872 days ago
|
|
|
To be clear, that inflation means an increase in the price level is not my definition. It's the generally accepted definition. The fact that a fringe group known for their crackpot ideas and their rejection of empiricism, representing <0.00000001% of the world's population, may or may not (even that is debatable) use the term inflation differently is irrelevant. So what are you saying? That it is possible for the price level to increase or decrease at a fixed rate without a governing body managing the money supply? How would that work exactly? |
|
|