
Cogs and monsters and economists, oh my!
The New Bazaar
Is Inflation a Political Thing?
Inflation itself is also used as an input into how policy makers make decisions about what to do about the economy. That doesn't have to be a dirty word, by the way, it's just a fact of life, you know. For example, government benefits and how quickly they rise over time, that sometimes also is determined by which kind of inflation measure is used. And so in a way, it seems naive to turn away from the idea that inflation is, in fact, a political topic,. Another example i really like is a the discount rate used to judge what kinds of projects should be invested in.
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