Editor’s Note: This article was originally published on Mises.org. Gary Danelishen is an economics major at Baldwin-Wallace College.
Economists of the Austrian School of economics define inflation differently than much of the mainstream of the economics profession. The typical mainstream intermediate macroeconomics textbook defines inflation as “[a]n increase in the overall level of prices” (Mankiw, Macroeconomics [...]
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Ron Paul Battles Ben Bernanke Over Austrian Economics & the U.S. Dollar
