Inflation Everywhere is a Monetary Phenomenon: An Introductory Note
Ever since the 1970s, when inflation became a virtually global phenomenon, controlling inflation has become a high priority for policy-makers. Given the well-known costs of inflation, policy now in all countries is inflation-averse. Perhaps one of the more important adverse consequences of inflation may be that high and persistent inflation is a regressive tax1 which …
Inflation Everywhere is a Monetary Phenomenon: An Introductory Note Read More »