Monthly Archives: May 2015
Connecting the Dots on Employment and Inflation
One principal conundrum of the extreme monetary policies of the last eight years is on the subject of consumer price inflation. Expansion of the money supply is, by definition, inflation. Yet how come, following a quadrupling of the monetary base, … Continue reading
Posted in Inflation, MN Gordon
Tagged cpi, GDP, misery index, stagflation, unemployment
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