Monetary Inflation and Price Inflation – Robert P. Murphy (02/05/2021)
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] This chapter explains the connection between the quantity of money and the height of prices quoted in that money. The chapter therefore deals with the phenomenon of “inflation,” but as we…
Source: https://wallstreetwindow.com/2021/02/monetary-inflation-and-price-inflation-robert-p-murphy-02-05-2021/
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