ext_299122 ([identity profile] montecristo.livejournal.com) wrote in [community profile] talkpolitics 2012-02-15 06:31 am (UTC)

Inflation as charted presumes a definition rooted in price changes. The Austrians point out that inflation is better understood to be an increase in the money and credit supply. (http://wiki.mises.org/wiki/Inflation)
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