A casual reader/listener of many economics blogs, news stories, cable shows, and political speeches (in other words, the usual sources), would be forgiven for thinking that "inflation" is some awful comic-book super-villain that constantly threatens society. It's as if they think that any momentary lapse in vigilance that allows perhaps a declining unemployment rate will … Continue reading Just What Is Inflation? Is A Monster Just Around The Corner?
The September Consumer Price Index numbers are out. Inflation is really a sustained general increase in the level of all prices. Since the price index itself can be rather noisy, varying a lot from month-to-month, many economists use some different techniques to smooth out the trend to see what the "sustained" action really is. Three … Continue reading CPI: Deflation Watch
Hyperinflation is not just more inflation. Additional conditions are needed to go from inflation to hyperinflation. From New Deal 2.0' s Rob Parenteau The Hyperinflation Hyperventalists <!-- Friday, 03/19/2010 - 10:57 am by Rob Parenteau | 2 Comments -->Rob Parenteau explains why the the hyperinflationist deficit hawks need to take a deep breath. After a … Continue reading Links on Modern Monetary Theory (MMT)