Economics
What’s Wrong with Inflation?
Over the past century, growth in average wages has outstripped the rate of inflation. So is inflation really a bad thing from the perspective of the wage-earner? Yes, and it makes us all poorer, says Robert P. Murphy. Also at mises.org: Some would have us believe that the establishment of the Federal Reserve in 1913 […]
Over the past century, growth in average wages has outstripped the rate of inflation. So is inflation really a bad thing from the perspective of the wage-earner? Yes, and it makes us all poorer, says Robert P. Murphy.
Also at mises.org: Some would have us believe that the establishment of the Federal Reserve in 1913 brought stability to the banking system. Tom Woods shows that it isn’t so.
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