If you want a real-world example of how inflation in consumer prices follows an increase in the money supply AND how an increase in anti-social, war-like behavior follows increases in prices, then a report from Bloomberg.com is just what you are looking for. It says, “Iran’s annual inflation may accelerate to 50% if a plan to introduce cash payments for the poor is implemented, Sarmayeh reported, citing a parliamentary deputy.”
December 9th, 2008 | Mogambo Guru | 2 comments | ContinuedAll Posts Tagged With: "inflation in consumer prices"
