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, [...]
December 6th, 2007 | Gary Danelishen | 3 comments | Continued
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