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TRANSMISSION SLP485
What is Inflation?
with Jonathan Newman
DATE
13 June 2023
DURATION
00:54:05
GUEST
Jonathan Newman
Jonathan Newman, Associate Professor of Economics and Mises Fellow joins me to chat: • Contrasting definitions of inflation • How did Mises define inflation? • How did Rothbard define inflation? • Where and how does fractional reserve come into it? • Cantillon effect and the Mises effect • Costless production of money
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