Yes, Inflation/Deflation is Hard to Measure

One of the hardest concepts for Principles students, politicians and pundits, oh heck, just about everyone to fully grasp is inflation.  A big part of the reason is because inflation is an abstract concept that is not directly measurable.  We can conceive of it, but we can't measure it.  I'm no physicist (and open to … Continue reading Yes, Inflation/Deflation is Hard to Measure

Inflation vs. The Cost of Living

We are now seeing a disconnect between how the public and policymakers/central banks perceive what each calls "inflation".  The public at large, encouraged by talk from the hard-money gold crowd, are encouraged to see "inflation" whenever certain key prices go up.  Recently we've seen gasoline and food prices go up, and along with these price increases more … Continue reading Inflation vs. The Cost of Living